APHG Unit 7

Front

Extraction of raw materials and natural resources from earths surface, such as farming, mining, lumbering

Back

Primary Sector

Front

Processing and manufacturing raw materials into a finished product

Back

Secondary Sector

Front

Service sector that focuses on moving, selling, and trading products such as retail, marketing, food service

Back

Tertiary Sector

Front

Knowledge based sector, focusing on research and information creation and transfer

Back

Quaternary Sector

Front

Highest levels of decision making, includes top officials in government and business

Back

Quinary Sector

Front

MDC

Back

More Developed Country

Front

LDC

Back

Less developed country

Front

Total value of goods and services by the citizens and corporations of a country as well as foreign investments in a given year.

Back

Gross National Product

Front

Economic theory that was modeled off of US and Western Europe, does not take into account the influence of colonialism and other factors.

Back

Rostows Stages of Economic Growth

Front

Measures the distribution of income within a population

Back

GINI Coefficient