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Cards In This Set
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Developed nations
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Nations with relatively high standards of living and economies based more on industry than on agriculture
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Developing nations
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Nations with little industrial development and relatively low standards of living
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Subsistence agriculture
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Growing of just enough food by a family to take care of its own needs; no crops are available for export or to feed an industrial worker
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Infan mortality rate
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Death rate of infants who die during the first year of life
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Confiscation
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Taking over industries by governments without paying for them
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Foreign aid
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Taking over industries by governments without paying for them
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Foreign aid
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Funds, goods, and services given by governments and private organiztions to help other nations and their citizens
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Economic assistance
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Loans and outright grants of funds or equipment to other nations
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Technical assistance
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Aid in the form of engineers, teachers, and technicians to teach skills to individuals in other nations
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Military assistance
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Aid given to a nation's armed forces
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Bureaucracies
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Offices and agencies of the government that deal witha specific area
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Five-year plans
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Centralized planning system that used to be the basis for China's economic system; eventually was transformed to a regional planning system leading to limited free enterprise
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