Economic Development
What is economic development?
This term refers to a process where a nation improves its economic, political, and social well-being
What are migrants?
This is the term for people who leave their home country to live and work elsewhere, often for better economic opportunities.
What is the greenhouse effect?
This effect occurs when gases in the Earth’s atmosphere trap heat, leading to a rise in global temperatures.
What are the Millennium Development Goals (MDGs)?
These are large-scale international goals set to improve the lives of the poorest people through development initiatives.
What are tariffs?
This term refers to the taxes imposed on imports or exports between countries.
What is Gross Domestic Product (GDP)?
The total value of all goods and services produced by a country within a year is called this.
What is brain drain?
This phenomenon occurs when highly educated individuals leave their home country for better job opportunities in other nation
What is ecotourism?
This type of tourism minimizes environmental impact while respecting local cultures.
What is interest?
This is the amount of money paid back for borrowing money, often a part of loans.
What is income per capita?
This is the term for a country's economic output per person, often used to measure the standard of living.
What is disparity?
This is the difference in economic, social, and political conditions between different groups or countries, often seen as unfair.
What are remittances?
These are payments sent back by migrants to their home country to support their families.
What is desertification?
This term refers to the gradual loss of fertile land, often caused by drought and poor agricultural practices.
What is a trade bloc?
This term refers to a group of countries that collaborate to reduce trade barriers and promote free trade.
What is sustainable development aid?
This type of development aid aims to provide long-term solutions and infrastructure, such as building schools or hospitals, in developing nations.
What is economic growth?
When an economy grows and produces more goods and services, it is experiencing this.
What is persecution?
This term refers to the unfair treatment of individuals based on their race, religion, or political beliefs, often causing them to seek asylum
What is genetic modification?
The process of changing the genes of living organisms to improve them for human use is called this.
What are multigovernmental organizations?
This concept refers to countries or organizations working together to achieve economic, political, or humanitarian goals.
What is the difference between free and fair trade?
Free Trade: This type of trade occurs when there are no taxes or tariffs imposed on the movement of goods between countries.
Fair Trade: a way of buying and selling products that aims to pay the producer a fair price
What is the difference between developed and developing countries?
Developing: These are countries with low GDP, low income per capita, and underdeveloped economies.
Developed: This term is used to describe countries with high income levels, advanced technological infrastructure, and high standards of living.
Who are entrepreneurs?
These are the people who start their own business, often as a way to create economic opportunities in their communities.
What are two consequences of climate change?
Desertification, health problems, loss of biodiversity and melting permafrost and glaciers
What is the difference between debt, grant, and emergency aid?
Debt:This term refers to the amount of money owed by one country or individual to another, often in the form of loans.
Grant: This form of aid is provided in the form of money for a specific purpose, often with no expectation of repayment.
Emergency Aid: This term refers to the immediate help provided in response to crises or disasters, aimed at saving lives and maintaining decent living conditions.
What is a circular economy?
This term refers to a system in which resources are reused and recycled, often to minimize waste.