Developed Country - sophisticated economy, advanced infrastructure, high standard of living, Developing Country - low human development, low industrialization, Gross Domestic Product (GDP) - total value of all goods and services, GDP per capita - country's value of goods and services divided by total population, population - total number of people, stability - little change, capital - money and resources , rule of law - everyone has to follow the same laws, discrimination - unfair treatment of someone based on their belonging to a specific group (religion, sex, race, language...), infrastructure - basic physical and organizational structures (roads, communications, health care, banks, schools...), literacy - ability to read and write, illiterate - unable to read and write ,

Vocabulary: Economic Development Level

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