Population & Economics Vocabulary

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the ability of a country to carry out a particular economic activity (such as making a specific product) more efficiently than another country.

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Comparative Advantage

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the study of human populations, including how they change due to births, deaths, aging, and migration. These statistics are called "demographics."

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Demography

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a poorer country with a less advanced economy. These countries generally have fewer industries and a lower standard of living (Previously called the "Third World.")

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Developing Country

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a wealthy country with an advanced economy. Has many industries and have a high standard of living (Previously called the

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Developed country

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people who leave a country to live somewhere else (E=Exit)

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Emigrant

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people who come to a new country to live (I=In)

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Immigrants

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system of roads, ports, utilities, and other facilities needed by a modern economy.

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Infrastructure

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Movement of people to a new area or country in order to find work or better living conditions

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Migration

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The average number of people living in an area,

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Population Density

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overall level of comfort and well-being, measured by factors like literacy rate and technology levels

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Standard of Living /Quality of Life