What is the economy?
The economy is the total amount of money that is made for the entire country. The economy is very strange and unpredictable and no one is really sure about how to explain it or if they can predict how it is going to be in the future. The economy is split into two parts. The amount of money that is made within the country from all the various industries and work places, and the amount of money that is made through trading with other countries.
Primary activities is basically taking things out of the ground.
Secondary activities is using those things and changing them into things that can be used by people.
Tertiary activities is selling these commodities to people inside the country and outside the country in trade.
Quaternary activities is everything that is hi-tech and technological. IT, communications technology, businesses, biotechnology.
There are two main areas that the economy is dependant on. Farming and industry. These are the backbone of every economy.
Farming is a very important part of every economy in the world. More people are employed in farming then any other industry. Countries that are able to farm more then the people in the country need are able to sell more of it abroad and make more money. Countries in LEDC are often unable to even farm enough for the people in their country.
Traditional industry is making things in factories. Because LEDC often do not have enough farm land a lot of people are forced to work in factories making things for MEDC. Modern industry is making different things in different factories then traditional industry. It is more based around making electrical things. These are mostly in MEDC because the people who would work in them would need to be well educated and MEDC have more universities and colleges to train people.
If a country has lots of farms and lots of factories then the economy will be stronger and the country will have the potential to have a much higher level of development.
What is development?
Development is an idea that has been created by scientists, economists, politicians and other professional types of people to explain how and why some countries are rich with lots of money and good ways to live and some are not. Countries that have a good economy and lots of money, good standards of living and high qualities of life are called developed; while countries that are very poor and have low standards of living and poor qualities of life are called under-developed or developing.
Standards of living is a term to describe the material well-being of a person, the things that you have. Qualities of life means the ways that you can live.
The countries that are more developed are know as the first world. They are known as MEDC. Countries that are not developed are know as the third world. They are known as LEDC. The second world are countries that are developing in between the first and third world.
What is population?
Population means people. The population of somewhere is the amount of people living in a particular place.
The population density of somewhere is the number of people per square kilometre. If there is a low population density then the place is sparsely populated. Which means there are not many people in a place. If there is a high population density then a place is densely populated. Which means that there are a lot of people in a place. Countries that are more economically developed in the first world or developing world have a higher population density. Countries in the third world and some in the developing world have a lower density.
The population distribution is how spread out the population is. The distribution of worlds population is not evenly spread out. There are certain areas of the world that have a much higher population than others.
Western Europe, the east coast of the USA, South East Asia and India are very highly populated. Africa, parts of South America, and areas of Central Asia have a very low population density.
The population distribution of Britain is also not evenly distributed. London, Manchester, the M4 motorway corridor and the areas around certain cities have a much higher population than areas in Cornwall, Scotland and Northern Wales.
Development, the economy and the population are all intertwined and dependant on the others. Each on effects the other and determines the state of the other.