Handball

Baseball

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.

-Off-peak season: The season when travel is less active and rates are lower.


-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.


-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 is moved around the world

-Exports: goods or services that are sold outside the country where they are produced.

-Imports: goods or services that are brought into a country from abroad for sale.

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

-Balance of payments: all monetary transactions between a country and the world


-Retail: a type of trade in which 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