Social Sciences (Glossary 9 and 10)

Freight: commercial transport that is slower and cheaper than express

Capital flows: the seat of government of a country or other political unit

Exports: sold to a foreign country or countries

Imports: to bring in from an outside source

Balance of trade: the difference in value between total exports and total imports of goods

Balance of payments: the difference over a given time between total payments to foreign nations, arising from imports of goods and services and transfers abroad of capital, interest, grants, etc, and total receipts from foreign nations, arising from exports of goods and services

Retail: the sale of goods individually or in small quantities to consumers

Wholesale: the business of selling goods to retailers in larger quantities than they are sold to final consumers but in smaller quantities than they are purchased from manufacturers

Trade bloc: the act or an instance of buying and selling goods and services either on the domestic 

Transport network: to carry or cause to go from one place to another, esp over some distance

Market: an event or occasion, usually held at regular intervals, at which people meet for the purpose of buying and selling merchandise

Infrastructure: the basic structure of an organization, system, etc

Trade: the act or an instance of buying and selling goods and services either on the domestic 

Bartering: to trade (goods, services, etc) in exchange for other goods, services, etc, rather than for money

Tourism: tourist travel and the services connected with it, esp when regarded as an industry

Information society: knowledge acquired through experience or study.

Cereals: the grain produced by such a plant

Mortgage: an agreement under which a person borrows money to buy property, esp a house, and the lender may take possession of the property if the borrower fails to repay the money

Speculation: investment involving high risk but also the possibility of high profits

Crop: the produce of cultivated plants, esp cereals, vegetables, and fruit

Agricultural landscape: the science or occupation of cultivating land and rearing crops and livestock; farming; husbandry.

Cultural heritage: of or relating to artistic or social pursuits or events considered to be valuable or enlightened

Domestic tourism: of, produced in, or involving one's own country or a specific country

Large-scale tourism: constructed or drawn to a big scale

Tour operators: an extended journey, usually taken for pleasure, visiting places of interest along the route

High-speed rail: AVE

Recession: a temporary depression in economic activity or prosperity