Development Definitions

2. country A poor country of the world where many people have a low standard of living
5. country A rich country of the world where most people enjoy a high standard of living
9. trade The movement of goods and services between countries
11. The values and customs of a particular country as expressed in the music, food, interests, dress, language, religion and sports of that country
13. A good or service received by one country from another
14. A payment to a producer of a good by the government to assist the producer in making their product
15. A good or service sent from one country to another

1. The movement of goods and services from one country to another
2. Action intended to develop or advance a society or nation
3. Domestic Product A measure of the total value of all the goods and services produced in a country over a year, also referred to as Gross National Income (GNI)
4. A foreign office or factory of a transnational corporation, usually located in a country outside the country where the company’s head offi ce is located
6. A factory unit where the products of transnational corporation are produced
7. A process caused by advances in technology, which involves the web of interrelationships that have formed between countries, companies, people, resources, cultures and money
8. A term that is sometimes used to describe a country
10. A trade restriction on the amount of a good that can be imported into a country
12. A tax put on an imported good by the government of the country that the good is imported into