INFRASTRUCTURE:
the basic physical and organizational structures needed for an economy to
function.
MARKET: the
meeting of buyers and sellers of goods and services.
EXPORTS:
goods or services that are sold outside the country where they are produced.
FREIHT:
goods or produce transported by ship, aircraft, train, lorry or van.
PRIVATE
SERVICES: services that are offered and managed by private companies.
PUBLIC
SERVICES: services that cover the basic needs of the population and contribute
to its well-being.
RETAIL: a
type of trade in which businesses sell small quantities of goods directly to
consumers.
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.
WHOLESALE:
trade in which buyers purchase large quantities of goods and sell them, in
smaller quantities, to other companies. BALANCE OF PAYMENT: a record of all
monetary transactions between a country and the rest of the world
BALANCE OF
TRADE: the difference between the monetary value of the exports and the imports
of a country.
TOURISM: a
sector dedicated to travel for recreational, leisure or business purposes.
TRADE: the
buying and selling of goods to meet the needs of the population.
BARTERING:
a system used before the invention of money, involving the exchange of certain
goods for others.
CAPITAL
FLOW: the movement of money.
EXPORTS:
goods or services that are sold outside the country where they are produced.
FREIHT:
goods or produce transported by ship, aircraft, train, lorry or van.
IMPORTS:
goods or services that are brought into a country from abroad for sale.
INFORMATION
SOCIETY: a society in which the creation, distribution, and manipulation of
information has become the most significant economic and cultural activity.
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