1-Look for the meaning of:
- Welfare state: a politician system in which a government assumes the primary responsibility for assuring the basic health, education, and financial well-being of all its citizens through programs and direct assistance.
-Trade: It´s the voluntary exchange of goods, services, or both.
-Insurance: an arrangement by which a company gives customers financial protection against loss or harm such as theft or illness in return for payment premium.
- Health services:Before the term health care became popular, English-speakers referred to medicine or to the health sector and spoke of the treatment and prevention of illness and disease .
- Household consumption: The household is "the basic residential unit in which economic production, consumption , inheritance, child rearing and shelter are organized and carried out"; [the household] "may or may not be synonymous with family".
- Interest rate: is the price a borrower pays for the use of money they borrow from a lender, for instance a small company might borrow capital from a bank to buy a new assents for their business, and the return a lender receives for deferring the use of funds
-Tertiarysation: structural change and the role of knowledge-based services .
-Motorway: a road designed for fast traffic, typically with three lanes in each direction.
- Pipeline: a pipe or system of pipes designed to carry something such as oil, natural gas, or other petroleum-based product over long distance, often underground.
- Freight: are goods or produce transported, generally for commercial gain by ship, aircraft, train, van or truck.
- Leisure: or free time, is a period of time spent out of work and essential domestic activity.
- SPA: (Sales and Purchase Agreement) is a resort with bathing and mineral water
- Resort: is a place used for relaxation or recreation, attracting visitors for holidays or vacations. Resorts are places, towns or sometimes commercial establishment operated by a single company.
- Environment: all the external factors influencing the life of people, plants and animals.
- GATT- WTO: (General Agreement on Tariffs and Trade) was negotiated during the UN Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO). GATT was formed in 1947 and lasted until 1994, when it was replaced by the World Trade Organization in 1995. The original GATT text (GATT 1947) is still in effect under the WTO framework, subject to the modifications of GATT 1994.
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