Development Measures
This index combines life expectancy, education, and income to measure development.
What is HDI? Human Development Index
This system relies on supply and demand with little or no government control.
What is a market system?
The transformation of raw materials into goods occurs in this sector.
What is the secondary sector?
This revolution introduced machines and factories
What is the Industrial Revolution?
This concept means countries specialize in what they do best. ( or at a lower opportunity cost)
What is comparative advantage?
This measures the total value of goods and services produced in a country.
What is GDP? Gross Domestic Product
In this system, the government controls most economic decisions.
What is a command system?
This sector focuses on research and information.
What is the quaternary sector?
Movement of people from rural to urban areas is called this.
What is urbanization?
This organization promotes global trade and reduces trade barriers.
What is the WTO? World Trade Organization
This index focuses on inequality between men and women.
What is GII? Gender Inequality Index
The United States is an example of this type of system.
What is a mixed economy?
This sector provides services like education and healthcare.
What is the tertiary sector?
The Industrial Revolution began in this country.
What is Great Britain?
The value of the option not chosen.
What is opportunity cost?
This development measure includes years of schooling as a component.
What is HDI? Human Development Index
Subsistence farming is most associated with this system.
What is a traditional economy.
A country dominated by farming likely has a large ___________________ sector
What is a primary sector?
This revolution led to massive population growth
What is the Green Revolution?
This model shows wealthy and poor regions in the global economy.
What is the core-periphery model?
This index best highlights gender gaps in political power and workforce participation.
What is GII? Gender Inequality Index
A country combining private business with government regulation uses this system.
What is a mixed economy?
The shift from agriculture to industry defines this major historical change.
What is industrialization?
Today’s digital and AI-driven changes are part of this revolution.
What is the Fourth Industrial Revolution?
Core countries typically export this type of goods
What are manufactured goods?