Strength from rulax23

Glossary of social sciences units 9 and 10

Glossary UNIT 10

 
- Cereals: Grasses grown for the edible components of their grain, such as rice and wheat.
-Mortgage: A loan to finance the purchase of private residential or commercial property.
-Speculation: Investment in stocks, property of other assets in the hope of gain, but with the risk of loss.
-Crop: A cultivated plant to be harvested as food, animal fodder, fuel or for any other economic purpose.
-Agricultural landscape: A landscape that has been transformed by people to cultivate crops and/or rear livestock.
-Cultural heritage: The things, places and practices that define who we are as individuals, as communities, as nations or cultures.
-Domestic tourism: Tourism in which tourists do not leave their own country.
-Large-scale tourism: Travel and accommodation offered to large groups at affordable prices by tour operators.
-Tour operators: A company that combines tour and travel components to cater for large-scale tourism.
-High-speed rail: A type of rail transport involving high-speed trains.
-Peak season: The season when travel is most active and rates are highest.
-Off-peak season: The season when travel is less active and rates are lower.
-Recession: A business cycle contraction; a general slowdown in economic activity.

 Glossary UNIT 9

 -Freight: goods or produce transported by ship, aircraft, train, lorry or van.

 -Capital flows: the money that move all the countries

 -Exports: goods or services that are sold outside the countrie

 -Imports: goods or services that are brought into a country

 -Balance of trade: the difference between the monetary value of the exports and the imports of a country. -Balance of payments: all monetary transactions betweencountries

 -Retail:  businesses sell small quantities of goods directly to consumers

.-Wholesale: trade in which buyers purchase large quantities of goods and sell them, in smaller quantities, to other companies.

-Trade bloc: a group of countries that join together to form an area with special trade regulations.

-Transport network: the connection of road, railway lines, ports or airports that facilitate the transport of goods and/or people. 

-Market: the meeting of buyers and sellers of goods and services. It can be tangible or abstract and it decides the prices of goods and services

-Infrastructure: the basic physical and organizational structures needed for an economy to function

-Trade: the buying and selling of goods to meet the needs of the population.

-Bartering: the first way of trading in history

-Tourism: a sector dedicated to travel for recreational, leisure or business purposes.

-Information society: society in which revolutionary advances an IT dominate the economy

-Public services: cover basic need of population 

-Private services: offer personalised services to companies

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