Fossil Fuel - Energy derived from the remains of organisms e.g coal, oil, gas etc , Assimilation - A situation whereby one group slowely takes on the cultural norms of another e.g immigrants to their host nation., Commodity - Any raw material that can be exchanged e.g oil, wheat , etc, Consumer - A person who buys good or services , Free trade - An agreement which allows trade between nations , Globalisation - The increasing interconnection between , Goods and services - Products that can be sold. Goods refer to physical, tangible products; services to intangible ones such as shops. , Gross Domestic Product - The total economic value of goods and services produced by a nation., Gross National Income - The total income of a nation including those sources brought in from overseas. , Information technology - The range of electronic equipment used in modern communications. , Interdependence - A relationship of mutual need between regions or nations. , Linkages - Flows of inputs and outputs, usually for companies but could also be settlements, nations etc., Monopoly - Where one company or person is the sole supplier of a good or service. , Non-renewable resource - Fossil fuels (coal and oil) that cannot be replaced. , Quota - A set number e.g export quota., Renewable resource - A resource for which there is no practicable limits because it is constantly replaced e.g solar power., Tariff - An amount of money paid to import specific goods., Tourism - An activity, undertaken voluntarily for pleasure, that involves staying away overnight., Trade - The sale of goods and services., Trans National Corporation - Global companies which operate in more than one country. , Unemployment - A situation where a person does not have employment. ,
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Interconnections Glossary
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Roxanne45
Secondary
Geography
Sustainability and Resource Management
Global Interconnections and Development
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