CONTEMPORARY ECONOMIC PLANNING

42問 • 1年前

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a nation working towards improved industrialization, economic stability, and enhanced living standards for its populace.

developing country

average income per person given in a country

low per capita income

nations livs below the international poverty line

high levels of poverty

developing countries often grapple with this .Whether its road networks in rural areas of India or electricity supply in parts of sub - Saharan Africa

weak infrastructure

Countries like Nigeria and Pakistan have seen their populations surge over the past decades, placing pressure on resources and infrastructure.

rapid population growth

higher rates of infectious diseases and lower life expectancy.

health challenges

have low literacy rates, particularly among women, impacting the work force's skill level and the economy's productivity.

limited human capital

main indicators of these are high poverty levels (i.e very low incomes), high levels of inequality, very poor housing, low standards of health, high infant mortality rates, high levels of malnutrition and a lack of education.

low standards of living

state of one who lacks a usual or socially acceptable amount of money or material possessions to satisfy their basic needs.

poverty

inability to meet their basic needs

absolute poverty

one may meet basic needs, in whole or in part, but their income level falls below the average in their area, impacting their quality of life.

relative poverty

This can happen when a particular set of circumstances, such as a divorce, death, or serious illness, severely impacts one's financial means

situational poverty

also known as cylclical poverty

generational poverty

is a graphical representation of an economic inequality mode

lorenz curve

refers to a group of organisms of the same kind or species living in the same place at the same time

population

refers to the increase in the number of individuals in a population in a particular year

population growth

Philippines ranks ___ among Asian countries with a big population

7th

Philippines ranks ___ among most populous countries in the world

12th

refers to a situation in which the workers who are capable of working and willing to work do not get employment

unemployment

occurs when a worker moves from one job to another

frictional unemployment

arises when the qualification of a person is not enough to meet his job responsibilities

structural unemployment

demand deficient unemployment occurs when the economy is in need of low workforce.

cyclical unemployment

occurs when an occupation is not in demand at certain seasons

seasonal unemployment

measure of employment and labor utilization in the economy that looks at how well the labor force is being used in terms of skills, experience, and availability to work

underemployment

Defined as the number of employment less than 40 hours per week and wanting additional weeks

visible underemployment

Defined as the number of people working 40 hours or more per week and still wanting additional work

invisible underemployment

Also called the workforce. The total number of people employed or seeking employment in a country or region

labor force

is the movement of people from the countryside or villages to cities or towns

rural-urban migration

conditions in the rural areas that compel people to leave

push factor

those things in the urban areas that attract people in the rural areas

pull factors

the start of rapid growth of tertiary education in the Philippines. (YEAR)

1950’s

Vocational-technical Education has started for its direct relevance to manpower needs in agriculture and industry. (YEAR)

1970’s

Education enhances the skills, knowledge, and abilities of individuals, leading to higher productivity and economic growth. Well-educated individuals contribute more effectively to the workforce and innovation

human capital development

Education is a key driver of social mobility and poverty reduction. Access to quality education empowers individuals to secure better-paying jobs, thereby lifting them out of poverty and reducing income inequality

poverty reduction

Education promotes financial literacy and responsible decision-making, which can help mitigate economic instability and reduce the likelihood of financial crises

economic stability

problems of efficiency in education

all of the above

is the only region where overall food security and livelihoods are becoming worse, with 278 Million people faces hunger or acute food insecurity

africa

What is a characteristic of economic growth in the following?

increase in the price of all goods and services

OECD findings suggest what about the relationship of income inequality and growth?

Less inequality would boost growth

TRUE OR FALSE Population growth refers to the DECREASE in the number of individuals in a population over a particular year.

false

FRICTIONAL UNEMPLOYMENT occurs when a person is not qualified enough to meet his job responsibilities.

false

Who is the economist credited with developing the Lorenz Curve?

Max O. Lorenz

Plumbing Arithmetic Terms 5

ユーザ名非公開 · 68問 · 13日前

Plumbing Arithmetic Terms 5