GLOSSARY UNIT 4

Fragmentation= When production processes occur in different phases, in different places.

Development= To make a progress.

Budget= A sum of money to be used for a specific purpose by a goverment.

Citizenship= To  became from a city.

Duty= What we have to do.

Funds= The financial resources used for a purpose.

Investment= The act of using something to achieve a goal.

Subsidy Free movement= A type of financing offered by the government

Common market= A market of comon policies.

Monetary union= A zone whit the same type of coin

Cohesion= The act of staying together

Treaty= An agreement in to two or more institutions

Heterogeneity= A thing that consist of dissimilar elements or parts

Homogeneous= A thing that consist of similar elements or parts

Outsourcing=Part of a company´s work is sent to another company, sometimes in a different country, because it is cheaper or more efficient option.

Skeptical= A person that don´t believe in anything.

Surplus= An excedent of possesions

Seafaring= A person that works in a ship

Outskirts= The zone around a city

Profitable= A thing good for you

Highway-motorway= A large road

Hierarchy= A system where there is a king that governs and there are people that obey the king.

GDP=

CAP= Comon Agricultural Policy

CFP= Comon Fisheries policy