GLOSSARY OF GEOGRAPHY (UNIT 4)

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

Free: movement: The unrestricted movement of goods, services, people and capital

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


Fragmentation: When production processes occur in different phases, in different places

Development: The act or process of growing or making progress

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

Heterogeneity: A thing that consist of dissimilar elements or parts

Homogeneous: Made up of the same kind of people or things

Investment: The act of using something (time, money, effort, etc.) to achieve a goal

Monetary union: The sharing of the same currency between two or more state. In 1992, the concept of a monetaru union was agreed upon in the EU

Ombudsman: A government official or body who investigates complains by private citizens against government institutions

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


Self-sufficient: Being able to meet one's needs without external assistance

Solidarity: A union or fellowship created from common responsibilities and interest, feelings or purposes

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

Duty: A task or action that a person is bound to perform for moral or legal reasons

Sceptical: Not convince that something is true

Surplus: A quantity or amount in excess of what is required

Seafaring: The act of travelling by sea


Outskirts: Outlying or bordering areas, districts, etc., as of a city 

Profitable: Affording gain, benefit, or profit

Highway-motorway: A public road that all may use

Hierarchy: A system of persons or things arranged in a graded order 

GDP: Gross Domestic Product

CAP: Common Agricultural Policy: (in the EU) the system for supporting farm incomes by maintaining agricultural prices at agreed levels

CFP: Common Fisheries Policy

Subsidy: A type of financing offered by a government

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