Glossary 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.
Speculatio: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 landscap: A landscape that has been transformed by people to cultivate crops and/or rear livestock.
Cultural heritag:theings, places and practices that define who we are as individuals, as communities, as nations or cultures.
Domestic touris: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 operator: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.

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
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

Glossary unit 8

Mechanization: The use of machinery in the production processMining: The process of extracting minerals from the ground
Mineral: a naturally occurring solid chemical substance such as bauxite. 
Fossile fuel.: fuel that is formed by the decomposition of buried organic material, and exposure to heat and pressure, producing substances such as coal, oil and gas.
Industry:  any economic activity that produces a service or transforms raw material into consumer goods.
Irrigated farming: is the artificial application of water to the land or soil
Energy: power that comes from the utilization of physical or chemical resources to provide light and heat or to work machines.
Biomass: organic material used as a fuel that releases energy when burned
Management: the people that run a company and ensure that goods and services of a high enough quality are produced and sold at competitive prices.             
Workforce:  the employees required to produce goods and services.                                         Wind turbine: a device that converts kinetic energy from the wind into mechanical energy to drive machinery or generate electricity. 
 Solar panel:  is a set of solar photovoltaic modules electrically connected and mounted on a supporting structure.
Renawanable energy source that is inexhaustible.
Non-rewanable energy: energy source that is limited.
Traditional energy: Nuclear , termic...
Alternative energy: solar , eolic

P.E : Work

The inventon was invented in 1450 by Gutenbetg , thin invention will rebulucionated the culture of the people in that age because with this invention thay cuold do more copys of the books and the peoply will read more , this invention create the newspaper