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ECONOMIC DEVELOPMENT - Coggle Diagram
ECONOMIC DEVELOPMENT
Other indicators
PPP (purchasing power parity)
HDI (Human developement index)
MEW (measurable economic welfare)
MPI (Multidimensional poverty index)
Development (no longer used)
Developed economies
high income per head
well-established economic institutions
advanced technological infrastructure
strong tertiary sector
Developing economies
low income per head
reliance on fewer products
large primary sector
low productivity
Classification according to income
GDP per capita
GNI per capita (GDP + net income from abroad)
World Bank, interests on loans
Low income
Poverty cycles
