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World Geography (Geopolitics :flag-us:: The study of how geography affects…
World Geography
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Economy :dollar: : How a country's production and consumption interact, along with international trade
Industrialization: When a city or country becomes more technologically developed and its economy grows Industrialization + Migration = Urbanization
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Secondary Sector: Turning raw materials into products of greater value, manufacturing
Tertiary Sector: Distributing material goods, moving them around, performing a service
More Developed Country: A country with advanced, modern technology and a developed economy
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Measurements
Human Development Index (HDI): Takes into account income, life expectancy, education levels, gives a number between 0-1, 0=nondeveloped, 1=developed
GDP (Gross Domestic Production): Total value of goods and services produced in a year (production). GDP = Consumer spending (C) + Business Spending (I) + Government spending (G) + Net Exports (NX)
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