Walfare state.-A welfare state is a concept of government where the state plays a key role in the protection and promotion of the economic and social well-being of its citizens. It is based on the principles of equality of opportunity, equitable distribution of wealth, and public responsibility for those unable to avail themselves of the minimal provisions for a good life. The general term may cover a variety of forms of economic and social organization.
Trade.-Trade is the voluntary exchange of goods, services, or both. Trade is also called commerce or transiction. A mechanism that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and services. Later one side of the barter were the metals, precious metals (poles, coins), bill, paper money.
Insurance.-Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment. An insurer is a company selling the insurance; an insured or policyholder is the person or entity buying the insurance policy.
Health services.-English-speakers referred to medicine or to the health sector and spoke of the treatment and prevention of illness and disease
Household comsuption.-Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt. Generally, consumption is defined by opposition to production.
Interest rate.- An 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 new assets for their business, and the return a lender receives for deferring the use of funds, by lending it to the borrower.
Tertiarisation.-structural change and the role of knowledge-based services.
Motorway-.a road designed for traffic.
Pipeline.-a conduit made from pipes connected end-to-end for long-distance fluid transport.
Freight.-It´s goods or produce transported, generally for commercial gain, by ship, aircraft, train, van or truck. In modern times, containers are used in most intermodal long-haul cargo transport.
GATT-WTO.-The World Trade Organization deals with regulation of trade between participating countries; it provides a framework for negotiating and formalising trade agreements, and a dispute resolution process aimed at enforcing participants' adherence to WTO agreements which are signed by representatives of member governments and ratified by their parliaments. Most of the issues that the WTO focuses on derive from previous trade negotiations, especially from the Uruguay Round (1986-1994).
Leisure.-Leisure or free time, is a period of time spent out of work and essential domestic activity.
Spa.-The term spa is associated with water treatment which is also known as balneoteraphy.
Resort.-A 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.
Enviroment-.all the external factors influencing the life of people, plants and animals.
