FREIGHT:
goods or produce transported by ship, aircraft, train, lorry or van.
CAPITAL
FLOWS: large amounts of money moved around the world.
EXPORTS:
goods or services that are sold outside the country when 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: record of all monetary transactions between a country and the rest of
the world.
RETAIL:
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 roads, railway lines, ports or airports that
facilitate the transport of goods and people.
MARKET: the
meeting of buyers and sellers of goods and services. They can be tangible or
abstract.
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:
to trade in exchange for other goods or services, rather than for money.
TOURISM: a
sector dedicated to travel for recreational, leisure or business purposes.
INFORMATION
SOCIETY: society where information technology and related activities dominate
the economy.
PUBLIC
SERVICES: decentralized services that are financed by money from taxes.
PRIVATE
SERVICES: services that are offered and managed by private companies and the
people have to pay for these services.
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