Social glossary unit 4

Free movement- Legal permission for goods, capital, services, or workers to leave one country and enter another country without extra taxes.Common market - A group of countries that have a formal agreement for trading among themselves and how they trade with countries outside the group.
Monetary union- Two or more countries with a single currency, or different currencies having a fixed mutual exchange rate monitored and controlled by one central bank.
Cohesion- Tendency to unite.
Treaty - A formal agreement or contract between two or more states, such as an alliance or trade arrangement.Heterogeneity - The quality or state of being heterogeneous.
Homogeneous- Composed of unrelated or differing parts or elements.Outsourcing- To work to another company.Fragmentation - A piece broken off or detached.Development - The act or process of growing or progression. Budget - An itemized summary of expected income and expenditure of a country or company
Citizenship - The condition or status of a citizen, with its rights and duties
Duty: A task or action that a person is bound to perform for moral or legal reasons
Skeptical: Not convinced that something is true; doubtful
Seafaring: The act of travelling by sea
Outskirts: Outlying or bordering areas as of a city
Profitable: Affording gain
Hierarchy: A system of persons or things arranged in a graded order
GDP: Gross domestic product
CAP: Common Agricultural Policy
CFP: Certified Financial Planning Board of Standards.