Jun 11, 2014

Glossary unit 10 Sapanish economy

Mortage: a loan to finance the purchase of private residential or commercial property.

Peak season: the busiest annual period.
Off-pek season: the less busy annual period. Speculation: investment in stocks, property or other assets in the hope of gain, but with the risk of loss.
Tour operators: a company that combines tour and travel components to cater for large-scale tourism.
Cereals: grasses grown for the edible components of their grain.
Domestic tourism: tourism in which tourists do not leave their own country.
Agricultural landscape: a landscape that has been transformed by people to cultivate crops and/or rear livestock.
Crop: a cultivated plant to be harvested as food, animal fodder, fuel or for any other economic purpose.
High spedd rail: a type of rail transport involving high-speed trains.
Large-scale tourism: travel and accommodation offered to large groups at affordable prices by tour operators.
Recesion: a business cycle contraction/ a general slowdown in economy activity.
Cultural heritage: the things, places and practices that define who we are as individuals, as communities, as nations or cultures.