GEOGRAPHY? WHAT'S THAT? UNIT 6

• ACTIVE POPULATION: people employed, unemployed or looking for work.
• CONSUMPTION: the use of a production or service to satisfy needs or desires.
• DEMAND: the desire to own something in the market and willingness to pay for it.
• DISABLED: physically handicapped person.

• DISTRIBUTION: the marketing, delivery and sale of goods and services.

• ECONOMIC ACTIVITY: the different processes involved in the production and consumption of goods and services.

• ECONOMIC AGENT: person, group or institution involved in the economy.

• EMPLOYEE: person who works for other person to earn money.

• EMPLOYER: person who hires other person to works for their.

• FULL-TIME CONTRACT: contract in which employees must work during all hours establish on the agreement.

• GOODS: tangible economic products, such as food, that are usually consumed after production.

• INACTIVE POPULATION: people who are not able to work because being disabled, retired or student.

• INFLATION: rise in the general level of prices of goods and services in the economy or a decrease in value of the purchasing power of money.

• MARKETING: the act of researching, promoting and advertising a product or service in order to sell it.

• PART-TIME CONTRACT: contract in which employees must work during a fewer number of hours than the established on the agreement.

• PRODUCTION: activity that provides goods and services for consumption.

• PROFIT: the monetary gain of a business after all expenses have been met.

• RAW MATERIAL: unprocessed substances.

• RETIRED: person that does not work because having previously worked for years.

• SELF-EMPLOYED: person who works for their own company.

• SERVICES: economic activities that are intangible.

• SUPPLY: availability of something for use or sale.

• TELECOMMUTING: work in which employees work from home.
• TAX: monetary contribution to the government required of people, groups, or business.