CramX Logo
RegisterLog in
Back to FlashcardsAccounting / DVA1501 Revision: Development Concepts

DVA1501 Revision: Development Concepts

Accounting10 CardsCreated 3 days ago

This deck covers key concepts from the DVA1501 course, including global classifications, economic indicators, development theories, and the role of multilateral organizations.

Report

What distinguishes the First, Second, and Third World countries?

First World countries are capitalist, Second World are communist, and Third World are non-aligned developing countries.

Rate to track your progress ✦

Tap or swipe ↕ to flip
Swipe ←→Navigate
1/10

Key Terms

Term
Definition
What distinguishes the First, Second, and Third World countries?
First World countries are capitalist, Second World are communist, and Third World are non-aligned developing countries.
How are countries classified as North and South?
North countries are more economically developed, while South countries are less economically developed.
What does Gross Domestic Product (GDP) measure?
GDP measures the total value of finished goods and services within a country's borders over a specific time period.
What is the Human Development Index (HDI)?
HDI measures a country's average achievements in human development, including life expectancy, education, and GNI per person.
What does the Under-Five Mortality Rate (USMR) indicate?
USMR measures the number of deaths of children under five per 1000 live births in a year, indicating health and living conditions.
What role do multilateral development organizations (MDOs) play in South Africa?
MDOs provide financial support, technical expertise, and policy guidance on issues like poverty reduction and sustainable development.

Related Flashcard Decks

Accounting

Bank Statement Reconciliation

This deck covers the essential concepts and steps involved in reconciling bank statements, helping you understand how to match your financial records with bank records.

13 cards
View Deck
Accounting

Conflicts of Interest & Basics of Info Security

This deck covers key concepts related to conflicts of interest (COI) in research and basic information security practices. It includes questions about COI management, disclosure requirements, and security measures.

13 cards
View Deck
Accounting

DOD Mandatory Controlled Unclassified information (CUI) Training

This deck covers key concepts, definitions, and procedures related to Controlled Unclassified Information (CUI) as per DOD guidelines.

20 cards
View Deck
Accounting

Risk Management Concepts

This deck covers key concepts in risk management, including definitions, calculations, and principles related to managing uncertainty in organizations.

20 cards
View Deck
Accounting

Positive Psychology: WJEC: CONTEMP DEBATE: Raines research on criminals

Neuroscience offers a scientific, objective way to study human behaviour by examining brain activity. Techniques like fMRI and PET scans allow researchers to explore areas such as decision-making, consumer preferences (neuromarketing), and differences in brain function, such as those found in criminals in Raine et al.'s 1997 study.

10 cards
View Deck
Accounting

Evolution of Operating Systems and Hardware

This deck covers the historical development of operating systems and hardware, highlighting key innovations and concepts from early computing to modern systems.

10 cards
View Deck
Accounting

POA Sec 3 Chap 5 Quiz

This deck covers key concepts from Chapter 5, focusing on Special Journals and related accounting practices.

9 cards
View Deck
Accounting

POA Sec 3 Chap 6 Quiz

This flashcard set focuses on interpreting debit balances in the cash in hand account. A debit balance of $100 indicates that the business currently has $100 in physical cash on hand, available in the office.

21 cards
View Deck
Accounting

POA Sec 3 Chap 1: Role of Accounting and Accounting Principles Part 1

This deck covers the fundamental concepts of accounting, including bookkeeping, the roles and responsibilities of accounting, the accounting information system, stakeholders, and types of business entities.

25 cards
View Deck
DVA1501 Revision: Development Concepts
TermDefinition
What distinguishes the First, Second, and Third World countries?
First World countries are capitalist, Second World are communist, and Third World are non-aligned developing countries.
How are countries classified as North and South?
North countries are more economically developed, while South countries are less economically developed.
What does Gross Domestic Product (GDP) measure?
GDP measures the total value of finished goods and services within a country's borders over a specific time period.
What is the Human Development Index (HDI)?
HDI measures a country's average achievements in human development, including life expectancy, education, and GNI per person.
What does the Under-Five Mortality Rate (USMR) indicate?
USMR measures the number of deaths of children under five per 1000 live births in a year, indicating health and living conditions.
What role do multilateral development organizations (MDOs) play in South Africa?
MDOs provide financial support, technical expertise, and policy guidance on issues like poverty reduction and sustainable development.
What are the three pillars of sustainable development?
The three pillars are economy, society, and environment, which must coexist for genuine sustainability.
What is the relationship between wealth and power?
Wealth often leads to power, enabling individuals to influence and potentially exploit those less fortunate.
How does international trade benefit countries?
International trade expands markets, provides access to goods and services, and enhances competitiveness, often lowering prices.
What is the capitalist model associated with the Third World?
The capitalist model emphasizes private ownership and profit motive as primary drivers of economic activity.