Economic Development Flashcards

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Infrastructure

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The basic facilities within a society or country such as transport, communications, and power supplies.

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Life Expectancy

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The average age a person will be expected to live.

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Vocabulary flashcards based on lecture notes about economic development.

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7 Terms

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Infrastructure

The basic facilities within a society or country such as transport, communications, and power supplies.

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Life Expectancy

The average age a person will be expected to live.

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Unemployment Rate

The percentage of people without a job.

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Literacy Rates

The percentage of people who can read and write.

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Informal Sector

This sector contains jobs which are often unskilled and labour intensive. Workers who work in these sectors do not pay tax.

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NIC (Newly Industrialised Country)

A country where the economy has grown.

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Regional Social and Economic Inequalities

Differences within countries due to reasons such as infrastructure, health and social care, unemployment, and government policies.