Glossary Category: Economics - Page 3 - 3auk

forms of international aid

Forms of international aid refers to the various methods and processes used to provide support to other countries.

International aid refers to money, resources, or technical support given by countries, non-governmental organisations (NGOs), or international groups

Economic structure refers to how an economy is organized. It measures a country’s total economic output (GDP) and

A country’s pattern of trade describes the types of goods and services it sells (exports) or buys (imports),

The tertiary sector, also known as the services sector, includes all economic activities that provide intangible services instead

The secondary sector refers to the part of the economy that focuses on the processing of raw materials

The primary sector is the part of an economy that focuses on extracting and harvesting natural resources directly

The Lorenz curve is a graph that shows how income or wealth is distributed across a population. It

Urbanisation is the process where more people move to live in cities and towns. It usually happens due

Optimum population is the ideal number of people in a country that creates the highest standard of living.