Co-operative |
An enterprise or organization that is jointly owned and run by the people that work there. |
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Drainage Basin |
The area of land drained by a river and its tributaries. |
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Ecosystem |
A community of organisms and their non-living environment. |
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Epiphyte |
Sometimes called an 'air plant', these plants live on another plant or tree but get their food from the air or from rainwater. |
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Externality |
The indirect effect of an activity, such as pollution. |
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Futures market |
A market where commodities like coffee, sugar, cocoa, copper and gold are bought and sold. The amount of buying and selling influences the price of the commodity on the world market. |
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GNP |
Gross National Product, the total value of all the goods and services produced by a country in a year. It is often measured 'per capita' or per person, to make an average. |
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Infant mortality |
The number of babies out of every thousand born that die before the age of one. |
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Migration |
The movement of people to live in different place. |
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Population density |
The number of people per square kilometre. |
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Quota |
A restriction in the quantity of a particular good or service that a country is allowed to sell/trade. |
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Referendum |
When people can vote to support or reject a new law. |
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Subsidy |
Money provided by the government to keep the price of a good or service low. |
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Transnational company |
TNC for short and also known as a 'multinational corporation', this is a company that owns and operates manufacturing or service businesses in more than one country. |
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