1.5 AP HUGE Vocab

Literacy Rate

________: the percentage of people in an area that can read and write.

Industrialization

________: the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of good.

monetary measurement

A(n) ________ of all the goods and services produced by citizens (including citizens overseas) in a year in a country but NOT non- citizen residents.

HDI

A statistic that is an offshoot of the ________ that measures gender gaps in life expectancy, education, and incomes.

Systems Analysis

In World's ________, the periphery are the least economically developed countries that have little influence over the world's economy.

multiple states

Although the world has ________, almost everything takes place within the context of the world economy.

social development

A model of economic and ________ that explains global inequality in terms of the historical exploitation of poor nations by rich ones.

Commodity dependence

________: economic dependence on exports of agricultural and mineral raw materials.

Least cost theory

________: Alfred Weber's theory that tries to explain and predict the locational pattern of industry.

industrial technology

A series of improvements in ________ that transformed the process of manufacturing goods.

monetary measurement

A(n) ________ of all the goods and services produced in a year in a country.

a statistic created by the United Nations to try to measure how economically developed a country is

seen as more complete picture than just GDP PPP per capita

Literacy Rate

the percentage of people in an area that can read and write

Industrialization

the process by which an economy is transformed from primarily agricultural to one based on the manufacturing of good

Least cost theory

Alfred Weber's theory that tries to explain and predict the locational pattern of industry

Core

in World's Systems Analysis, the core are the powerful, wealthy countries that have great influence on the world economy

Standard of living

level of wealth available to a person or community

Periphery

in World's Systems Analysis, the periphery are the least economically developed countries that have little influence over the world's economy

Sectors of the economy

separating jobs into segments of the economy based on the purpose of their job (primary, secondary, tertiary, quaternary, quinary)

Dependency theory

a model of economic and social development that explains global inequality in terms of the historical exploitation of poor nations by rich ones

Rostow's Stages of Development

traditional society Stage 1, preconditions for take-off Stage 2, take-off Stage 3, drive to maturity Stage 4, high mass consumption Stage 5