Economic Development in Africa

This set of flashcards focuses on concepts relevant to economic development in Africa, including definitions and key terms related to the advantages and resources available to African nations.

Economic Development

The process of improving the economic well-being and quality of life for a community by increasing the number of jobs and improving the financial health of the region.

Natural Resources

Materials or substances occurring in nature which can be exploited for economic gain, significant for African countries' development.

Advantages of Development

Benefits that can be derived from the economic growth and improved infrastructure in African countries.

Utilization of Resources

The effective use of available resources for the purpose of economic gain, which many African countries are focusing on for development.

African Economies

Countries in Africa with diverse resources and opportunities for growth, requiring sustainable strategies for economic advancement.