Geography (Unit IX)

-Freight: Goods or produce transported by ship, aricraft, train, lorry or van.
-Flow: the movement of goods or money.
-Exports: goods or services that are sold outside the country where they are produced.
-Imports: goods or services that are brought into a country from abroad for sale.
-Balance of trade: the difference between the monetary value of the exports and the imports of a country.
-Retail: A type of trade in which businesses, such as shops, sell small quantities of goods directly to consumers.
-Wholesale: Trade in which buyers purchase large quantities of goods and sell them, in smalles quantities, to other companies. Individual consumers do not have access to these markets.
-Trade bloc: A group of coutries that join together to form an area with special trade regulations.
-Transport network: The connection of roads, railway lines, ports or airports that facilitate the transport of goods and/or people.
-Market: The meeting of buyers and sellers of goods and services. Markets can be tangible or abstract.
-Infrastructure: The basic physical and organisational structures needed for an economy to function.
-Trade: The buying and selling of goods to meet the needs of the population.
-Tourism: A sector dedicated to travel for recreational, leisure or business purposes.
-Public services: Services that cover the basic needs of the population and contribute to its well-being, such as education and healthcare.
-Private services: Services that are offered and managed by private companies.