Glossary (Social science)

BUDGET:  A sum of money to be used for a specific purpose by a government.

CAP: Common Agricultural Policy.

CFP: Common Fisheries Policy.

CITIZENSHIP: The condition or status of a citizen, with its rights and duties.

COHESION:  The act of uniting or staying together.

COMMON MARKET: A market based on common policies and the free movement of goods, services, people and capital.

DEVELOPMENT: The act or process of growing or making progress.

DUTY: Something you must do.

FRAGMENTATION: When production processes occur in different phases, in different places.

FREE MOVEMENT: The unrestricted movement of goods, services, people and capital in a common market.

FUNDS: The financial resources used by governments or political institutions for a specific purpose.

GDP: The Gross Domestic Product.

HETEROGENEITY: A thing that consists of dissimilar elements or parts.

HIERACHY: Social system  in which some people order and the rest obey.

HIGHWAY/MOTORWAY: Large road by where main ground transport goes by from one city to another.

HOMOGENEOUS: Made up of the same kind of people or things.

INVESTMENT: The act of using something to achieve a goal.

MONETARY UNION: The sharing of the same currency between two or more states.

OUTSKIRTS: The bordering areas of a city.

OUTSOURCING: Part of a company’s work is sent to another company, sometimes in a different country because it is a cheaper or more efficient option.

PROFITABLE : Something by which you gain some benefits.

SEAFARING: Related to the sea.

SKEPTICAL:  Doubtful.

SUBSUDY: A type of financing offered by a government.

SURPLUS:  What is left over after producing excessively.

TREATY: A formal agreement between two or more states related to international relations.