GEOGRAPHY GLOSSARY!!!!!!!!
   
    UNIT SIX

• 
  
  
  • Retired: to give up or to cause (a person) to give up his work, a post, etc, esp on reaching pensionable age
  • Supply: availability of something of use or sale
  • Production: an activity that provides goods and services for consumption. the production of goods combines natural resources, skills, financial investment and labour
  • Active population: people employed, unemployed or looking for work.
  • Inactive population: people not in active service
  • Consumption: the use of a production or service to satisfy needs or desires.
  • Services: economic activities, such as banking or education, that are intangible
  • Demand: the desire to own something in the market and willingness to pay for it. 
  • Self-employed: earning one's living in one's own business or through freelance work, rather than as the employee of another
  • Disabled: physically handicapped person.
  • Distribution: the marketing, delivery and sale of goods and services.
  • Marketing: the act of researching, promoting and advertising a product or service in order to sell it
  • Consumption: the use of a product or service to satisfy needs or desires
  • Economic activity: the different processes involved in the production and consumption of goods and services.
  • Inflation: a rise in the general level of prices of goods and services in the economy or a decrease in value of the purchasing power of money
  • Economic agent: person, group or institution involved in the economy.
  • Employee: person who works for other person to earn money.
  • Profit: the monetary gain of a business after all expenses have been met
  • Tax: a monetary contribution to the government requires of people, groups or business 
  • Employer: person who hires other person to works for their.
  • Full-time conctact: contract in which employees must work during all hours establish on the agreement.  
  • Raw material: material on which a particular manufacturing process is carried out
  • Telecommuting: the use of home computers, telephones, etc, to enable a person to work from home while maintaining contact with colleagues, customers, or a central office
  • Goods: tangible economic products, such as food, that are usually consumed after production. 
  • Part-time contracts: a form of employment that carries fewer hours per week than a full-time job.