TECHNICAL VOCABULARY

1) GOODS: The material and immaterial objects that are necessary for all people, which are
sometimes limited and scarce, which results in a high monetary value for the consumer.

In the bank my goods are well maintained.

2) SERVICES: The condition of serving, that is, of giving or providing support or assistance to
someone using a set of material or immaterial means.

The services are also public because of what the state offers.

3) FREIGHT: Price of renting a boat or a part of it.

Lucas hired a freight to move out.

4) SURPLUS: A condition for the general well-being of the citizens of a country or their
number to be increased.

The surplus goes outside through a valve.

5) INSURANCE: Insurance is a contract that allows to cover a contingency by paying a

premium to the insurance company or reinsurer.

Yesterday buy life insurance.

6) CURRENCIES: It is a piece of a resistant material, of uniform weight and composition,

usually of metal minted in the shape of a circle and with the distinctive chosen by the
issuing authority.

Pedro took some currencies from his wallet.

7) RETAILERS: It is the last link in the distribution chain, that is, it is the one that is in contact
with the final consumer.

A more efficient and fairer retail market.

8) CUSTOMS: It is a public body that controls and regulates the entry or import, and the exit
or export, of cargo, goods, documentation, transport, passengers and, sometimes, even of
foreign currency, at the borders of a country.

No one stopped him at customs.

9) CLIENTS: A customer is a person or entity that purchases the goods and services offered by
a company.

Customers didn't stop complaining to me about that product.

10) MARKETS: Market is the place destined by society in which sellers and buyers meet to
have a business relationship.

The market was beginning to grow and bring more products.

11) IMPORT: They are the transport of goods and services from abroad, which are acquired by
a country for distribution within it.

All import items are very expensive.

12) EXPORT: Export is any good or service sent outside the national territory.

Belgrade simply exported all of its criminals.

13) ECONOMY: System of rules and principles that regulate the organization, operation and
development of a thing.

The economy in Peru had a sudden change in these last presidential elections.

14) TRADE: Trade is a socio-economic activity consisting of the exchange of certain materials
in the market for the purchase and sale of goods or services.

Almost all the trade was dusty in these last few months.

15) GLOBALIZATION: Globalization leads to a set of actions that have both positive and
negative aspects, hence mention is made of the advantages and disadvantages of this
great integration process.

The process of globalization has made the world a global village.

16) TARIFF: The tariff is applied on imports to protect local industry.

A tariff is a tax.

17) TAX: It is a tax or charge that people are obliged to pay to some organization without
there being a direct consideration.

The most important indirect tax is the Value Added Tax.

18) EMBARGO: Retain, by virtue of a court order, an asset that is subject to the results of a
proceeding or trial.

John was seized all the merchandise he brought from the United States.

19) SANCTIONS: A sanction is a decision taken by a public or private authority, as a result of

non-compliance with a rule or norm of mandatory conduct.

You will have many sanctions for the mistake I made.

20) COMPANY: Company or board of several people united for the same purpose, often
mercantile.

Several mining companies joined the volcano.