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Development - Coggle Diagram
Development
economic indicators
HIC
high income countries (HIC) - these are countries with a GNI per capita above US$ 12,746, eg Germany and the USA.
LIC
The World Bank uses the names: low income countries (LIC) - these are countries with a GNI per capita of $1,045 or less, eg Chad and Ethiopia. medium income countries (MIC) - these are countries with a GNI per capita of more than $1,045 but less than $12,746, eg Mexico and Iraq.
GDP
GDP is the final value of the goods and services produced within the geographic boundaries of a country during a specified period of time, normally a year. GDP growth rate is an important indicator of the economic performance of a country.
NEE
Newly Emerging Economies (NEE) - Countries that have begun to experience high rates of economic development, usually with rapid industrialisation. ... Economic, relating to the finances and wealth of the place.
social indicators
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birth rate
The birth rate is the ratio between the number of live-born births in the year and the average total population of that year.
political indicators
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A grant is a sum of money awarded to your business from the government that you don't have to pay back. It's awarded to your business to assist in its development, often for a specific purpose.
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