ch.20 economic equality

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4 Terms

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reasons for economic inequality

trade( raw materials are bought and sold for a low price but sold for a high price), debt( developing countries owe huge sums of money as they borrowed money to develop their country.) corruption ( corrupt leaders)

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solutions for economic inequality

fair trade ( fair price for their produce ), aid ( assistance from other richer countries),

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types of aid

emergency aid ( basic needs for a natural disaster), development aid (long period of time, education and health, tied aid (comes with conditions, paying for the aid with weapons), bilateral aid ( one country directly to another), multinational aid ( aid provided by organisations )

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