GEOGRAPHY GLOSSARY!!!!!!!!

UNIT FOUR


BUDGET: A sum of money to be used for a specific purpose by a government.

CAP: Common Agricultural Policy.

CFP: Common Fisheries Policy.

CITIZENSHIP: The conditions or status of a citizen, with it's rights and duties.

COHESION: The act of uniting or staying together.

COMMON MARKET: A market based on common policies and the free movements of goods, services, people and capital.

DEVELOPMENT: The act or process of growing or making progress.

DUTY: A task or action that a person is bound to perform for moral or legal reasons.

FRAGMENTATION: When production processes ocurr in different phases, in different places.

FREE MOVEMENT: The unrestricted movement of goods, services, people and capital in a common market.

FUNDS: The financial resources used by governments or political institutions for a specific purpose.

GDP: Gross Domestic Product.

HETEROGENEITY: A thing that consist of dissimilar elements or parts.

HIERACHY: A system of persons or things arranged in a graded order.

HIGHWAY / MOTORWAY: A public road that all may use.

HOMOGENEUS: Composed of similar or identical parts or elements.

INVESTMENT: The act of using something to achieve a goal.

MONETARY UNION: The sharing of the same currency between two or more states. In 1992, the concept of a monetary union was agreed upon in the European Union.

OUTSKIRTS: Outlying or bordering areas, districts, etc, as of a city.

OUTSOURCING: Part of a company's work in sent to another company, sometimes in a different country, because it is a cheaper or more efficient opinion.

PROFITABLE: Affording gain, benefit, or profit.

SEAFARING: The act of travelling by sea.

SKEPTICAL: Not convinced that something is true; doubtful.

SUBSIDY: A type of financing offered by a government.

SURPLUS: A quantity or amount in excess of what is required.

TREATY: A formal agreement between two or more states related to international relations.