Term
Gross National Product
GNP |
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Definition
| Value of all goods and services that a country produces in one year within or outside the country. |
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Term
Gross Domestic Product
GDP |
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Definition
| Value of all goods and services produced within a country. |
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Term
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Definition
| Countries that rely more on industry than agriculture. |
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Term
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Definition
| Percent of people who can read and write. |
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Term
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Definition
| Countries in different stages of moving toward development. |
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Term
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Definition
| Developing countries that lack economic opportunities. |
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Term
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Definition
| An economic system in which people, not government, decide what to make, sell or buy. |
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Term
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Definition
| An economy in which business owners and consumers make decisions about what to make, sell, and buy. |
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Term
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Definition
| An economy in which the government owns most of the industries and makes most of the economic decisions. |
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Term
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Definition
| Exchange of goods or services based on custom and tradition. |
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Term
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Definition
| An exchange of goods or services based on custom and tradition. |
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Term
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Definition
| Economy based on a single crop, such as bananas, sugarcane, or cacao. |
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Term
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Definition
| Products a country sells to other countries. |
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Term
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Definition
| Products a country buys from other countries. |
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Term
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Definition
| Depending on another country for resources or goods and services. |
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Term
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Definition
| Number of births per 1,000 people in a year. |
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Definition
| Number of deaths per 1,000 people in a year. |
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Term
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Definition
| The average number of people living within a set area. |
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Term
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Definition
| More people than a region or country can self-support. |
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Term
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Definition
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Term
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Definition
| Person who leaves one place for another. |
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Term
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Definition
| Person who arrives from another country. |
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