5.2 MEDCs & LEDCs

Development objs
> make more n__ (f__, shelter etc)
> ↑s__ of l__ via e__, healthcare

necessities, food, standard, living, education

Developed economies
>  S__ govt, healthy wealthy e__ pop.

>  M__ firms of d__ sizes making v__ of goods/services

>  D__ infrastructure

stable, educated, many, diff, variety, developed

Developing economies
Ø  Poor f__ methods = l__ output

Ø  F__ firms making goods/services

Ø  P__ infrastructure

Ø  Little e__, low l__ expectancy, low lvls of h__ & clean water

farming, low, few, poor, education, life, healthcare

Reasons for low economic development
Ø  Relying on f__ for i__/jobs ;; lack of e__ production/distro of goods/services

Ø  Intl trade dominated by d__ countries

Ø  Lack of c__ (machinery)

Ø  Low i__ in e__, healthcare, infrastructure

Ø  H__ pop. growth

farming, income, efficient, developed, capital, investment, education, high

HPI-1 are __ countries

developing

HPI-2 are __ countries

developed