VOCABULARY
Tertiary scet
or : activities that don't produce goods but offer services.
Transport :movement of people or goods from one point to another
Tourism :movement of people away from their regular homes or places of residence to another area, for leisure and more than a day.
Leisure time :free time for having fun
Trade : is an economic activity that involves buying and selling products and services.
Wholesale trade : buying large amounts of products directly from the manufacturer in order to sell products to the retailers
Retail trade :selling products directly to the consumers. It involves selling products by mail, phone etc...
Importing :buying international products and services
Exporting : selling products and services to other countries
Trading blocs : many countries joined together to encourage international trade between their members
Telecommunications :long distance systems that use cables or electro magnetic waves.
Internet :worldwide computer network that allows the efficient and effective exchange of information between its members
Banking : processes carried out by a bank or finnacial institution in order to administrate or lend money.
Loan :money a person receives from a bank wich they have to pay back with interest in a period of time.
Custom unions :a group of states that agree to have the same taxes on import of goods
No comments:
Post a Comment