Grade 7 WAB: The Geography of My Stuff

24 terms by Murphicus 

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Human Development Index (HDI)

A measure of well-being based on life expectancy, adult literacy, school enrollments and GNP.

consumption

The purchase and use of goods and services.

sustainable development

Development that meets the needs of the present without compromising the ability of future generations to meet their own needs.

exploitation

Making a profit from the labor (work) of others without paying them a fair wage.

over-consumption

Buying and using more products and services than people need.

MEDC

More Economically Developed Country; one of the richer countries.

LEDC

Less Economically Developed Country; one of the poorer countries.

advertising

A message to persuade consumers to purchase a particular product or service.

global

Worldwide; involving the entire world.

ethical

Having to do with morals, values, right and wrong.

trade union

An association of workers formed to gain higher wages and better working conditions.

transnational

A very large company with offices or factories in several countries.

export

To sell, commodities (goods or services) to another country.

fair trade

A system of trade where the people who grow the crops used in a product are given a fair price for their goods.

globalization

The process in which countries are increasingly linked to each other through trade and culture.

free trade

Trade between countries without quotas, tariffs, or other restrictions.

Gross National Product (GNP)

The total value of all goods and services produced by a country in one year.

retail

The selling of goods to consumers.

manufacture

Making products for sale.

poverty

Having little or no money and few or no possessions.

standard of living

The conditions in which people live, including their housing, employment and social services.

sweatshop

A factory where workers work long hours at low wages (often under unhealthy conditions) and are prevented from forming unions.

garment

A piece of clothing.

sustainable

Being able to continue into the future.

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