definitions

• what is standard of living?

  measure of wealth and material comfort of a person
• what is quality of life?

  a persons mental and physical health, wellbeing, happiness and freedom
• why is gross national income (money made divided by population size) not an effective method?

  does not take into account the extremes of wealth and poverty
• what is infant mortality rate?

  The number of deaths of infants under one year old per 1000 live births per year
• what is literacy rate?

  The percentage of adults who can read and write to a basic level
• LICs export primary goods ( food and raw materials) which have low product value and price fluctuates on the market
• colonisation affects development because the powers removed the natural resources so have nothing to sell
• migration is when people move from less developed countries to higher developed ones to earn more money
• industrial development is where countries shift from exporting primary goods to manufactured with higher profit
• Microfinance loans is when poor people borrow small sums of money to start a new business and become self sufficient
• fair trade sets standards, seeks to improve quality of life for the farmers and ensures they get the right pay
• intermediate tech is sustainable technology that is appropriate to the locals needs