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Definition
frequent repetition of an act, to the extent that it becomes characteristic of the group of people performing the act
ex. American Univ students wear jeans class everyday |
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culture traditionally practiced by a small, homogeneous, rural group living in relative isolation from other groups
ex. wearing sarong in malaysia |
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repetitive act performed by specific individual
ex. wear jeans to class everyday |
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| culture found in a large, heterogeneous society that shares certain habits despite differences in other personal characterics |
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| restriction on behavior imposed by social custom |
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| contribution of a location's distinctive physical features to the way food tastes |
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| has progressed further along the development continuum |
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| country has already made some progress and expects to continue |
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| process of improvement in the material conditions of people through diffusion of knowledge and technology |
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| alt. to internat'l trade emphasizes small business and worker owned and democratically run cooperatives. Req. fair wages, union organizing, minimum environmental and safety standards |
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| Foreign direct investment |
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| investment made by foreign company in the economy of another country |
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| Gender Empowerment Measure |
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Definition
| compares the ability of women and men to participate in economic and political decision making |
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| Gender-Related Development Index |
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| compares the level of development of women with that of both sexes |
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| value of total output of goods and service produced in a country in a given time pd (usually 1 yr) |
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| indicates level of development for each country, constructed by United Nations, combining income, literacy, edu, and life expectancy |
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| country relatively early stage economic development |
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| percentage of country's people who can read and write |
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| a country that has progressed relatively far along a continuum of development |
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| portion of eco. concerned with the direct extraction of materials from Earth's surface, generally through agriculture, although sometimes by mining, fishing, and forestry |
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| value of particular product compared to the amount of labor needed to make it |
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| portion of the eco. concerned with manufacturing useful products through processing, transforming, and assembling raw matrials |
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| Structural adjustment program |
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| eco. policies imposed on LDCs by internatl agencies to create conditions encouraging international trade. Raise taxes, reduce govt spending, control inflation, sell publicly owned utilities private corps n charge citizens more for services |
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| portion of eco. concerned w/ transportation, communications, and utilities, sometimes extended to the provision of all goods n services to ppl in exchange for payment |
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| Transnational Corporation |
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| co. conducts research, operates factories , and sells products in many countries, not just where its headquarters or shareholders are located |
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Definition
| gross value of the product minus the costs of raw materials |
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