Aphug unit nine bc I’m lazy to write

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32 Terms

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Adolescent fertility rate

The number of births per 1,000 women ages 15.

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Cooperative

An association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned enterprise.

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Developed country

A country that has progressed relatively far along a continuum of development.

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Developing country

A country that is at a relatively early stage in the process of development.

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Development

A process of improvement in the conditions of people through diffusion of knowledge and technology.

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Fair trade

A variation of international trade that provides greater equity to workers, small businesses, and consumers, focusing primarily on products exported from developing countries to developed countries.

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Female labor force participation rate

The percentage of women holding full-time jobs outside the home.

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Foreign direct investment (FDI)

Investment made by a foreign company in the economy of another country.

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Gender Development Index (GDI)

An indicator constructed by the U.N. to measure the gender gap in the level of achievement in terms of income, education, and life expectancy.

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Gender Inequality Index (GII)

An indicator constructed by the U.N. to measure the extent of each country's gender inequality in terms of reproductive health, empowerment, and the labor market.

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Gender Social Norms Index (GSNI)

An indicator constructed by the U.N. to measure the strength of attitudes biased against women.

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Gross domestic product (GDP)

The value of the total output of goods and services produced in a country in a year, excluding money that leaves and enters the country.

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Gross national income (GNI)

The value of the output of goods and services produced in a country in a year, including money that leaves and enters.

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Gross national product (GNP)

The value of the output of goods and services produced by the residents and businesses of a country in a year regardless of whether they are located in the country or abroad.

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Human Development Index (HDI)

An indicator constructed by the U.N. to measure the level of development for a country through a combination of income, education, and life expectancy.

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Inequality-adjusted Human Development Index (IHDI)

A modification of the HDI to account for inequality.

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Literacy rate

The percentage of a country's people who can read and write.

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Microfinance

Provision of small loans and financial services to individuals and small businesses in developing countries.

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Millennium Development Goals

Eight goals adopted by the U.N. in 2002 to reduce disparities between developed and developing countries by 2015.

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Multidimensional Poverty Index (MPI)

An index constructed by the U.N. that modifies the HDI to measure the complexities of the lives of people living in poverty.

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Planetary pressures-adjusted Human Development Index (PHDI)

An indicator constructed by the U.N. that modifies the HDI to account for a country's carbon dioxide emissions per person and the amount of raw materials extracted per person to meet the country's demand for goods and services.

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Primary sector

The portion of the economy concerned with the direct extraction of materials from Earth, principally through agriculture.

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Productivity

The value of a particular product compared to the amount of labor needed to make it.

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Pupil/teacher ratio

The number of enrolled students divided by the number of teachers.

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Purchasing power parity (PPP)

The amount of money needed in one country to purchase the same goods and services in another country.

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Quaternary sector

The portion of the economy concerned with information- and knowledge-based services.

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Quinary sector

The portion of the economy concerned with human services and hospitality.

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Secondary sector

The portion of the economy concerned with manufacturing useful products through processing, transforming, and assembling raw materials.

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Structural adjustment program

Economic reforms that a developing country must adopt in order to secure financial support from the IMF, the World Bank, or a developed country.

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Sustainable Development Goals

Seventeen goals adopted by the U.N. in 2015 to reduce disparities between developed and developing countries by 2030.

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Tertiary sector

The portion of the economy concerned with the provision of goods and services to people in exchange for payment.

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World-systems theory

A theory developed by Immanuel Wallerstein that in an increasingly unified world economy developed countries form an inner core area whereas developing countries are found on the periphery and semi-periphery.