Term
|
Definition
| How much economy provides or how much income people earn in an economy - measured by GDP & GNI |
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|
Term
|
Definition
| Total market value of all goods & services produce within a country year and divided |
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Term
|
Definition
1. Dual Economy
2. Low Productivity
3. Insufficient Capitol
4. Few Human Services
5. Other Insufficient natural recourses, explosive population growth.
6. Lack of Social cohesion and corruption |
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|
Term
| Economic Development Theories |
|
Definition
1. Liberal Economic Theory (Adam Smith)
2. Mercantilism (Economic Nationalism)
3. Marxism |
|
|
Term
|
Definition
| Total market value of all goods & services produce within a country year and divided |
|
|
Term
|
Definition
1. Dual Economy
2. Low Productivity
3. Insufficient Capitol
4. Few Human Services
5. Other Insufficient natural recourses, explosive population growth.
6. Lack of Social cohesion and corruption |
|
|
Term
| Economic Development Theories |
|
Definition
1. Liberal Economic Theory (Adam Smith)
2. Mercantilism (Economic Nationalism)
3. Marxism |
|
|
