Key Economic and Agricultural Definitions
Economic and Agricultural Terms
- Protectionist Policy: Economic policy aimed at protecting the national economy and competition from foreign productions.
- Autarky: The idea that a country should produce all it needs for internal development within its borders, eliminating the need for imports.
- Industrial Crops: Crops used as industrial raw materials.
- Fodder Crops: Crops used as food for livestock.
- Mesta: Association of transhumant sheep farmers.
- Transhumance: The practice of moving livestock between regions depending on the season.
- Extended Practices: Agricultural practices that use a lot of land.
- Cattle Feedlot: A system where livestock are raised in barns.
- OCM: Common Market Organization. Community rules to ensure market regulation of a product.
- ESF: European Social Fund.
- Leader: Actions to develop the rural economy.
- Plot: Minimum division of agricultural land.
- Fallow: Land left uncultivated to recover its natural fertility.
- Litoral: The coastal area between the high and low tide lines.
- Gross Domestic Product: Total output of a country.
- Drag: A fishing technique using towed nets.
- Gear: A set of equipment used for fishing, including a string and hook.
- Fishing Gear: A set of nets, ropes, and floats used for fishing.
- Inshore Fishing: Fishing near the coastline using simple techniques.
- Caladero: A sea area where fish tend to gather due to rich fishing resources.
- Common Fisheries Policy: EU package and market standards to regulate fishing.
- Fisheries Agreements: Agreements between the EU and other states regarding fishing.
- Raw Materials: Natural products used in industrial transformation processes.
- Energy Sources: Natural resources that provide the driving force for industrial labor.
- Deposit: Natural accumulation of a substance used as feedstock or energy source.
- Atomic Fission: Method of producing nuclear energy from the fission of atoms.
- Protectionism: Economic policy that protects domestic production from foreign competition through import taxes.
- Industrial Restructuring: The process of adapting a country’s industrial structure to new market conditions.
- European Convergence: The process of adapting EU countries to a common legal framework.
- Wholesale: Buying, selling, and reselling goods, usually in large quantities to retailers.
- Internal Trade: Trade conducted within a country’s borders.
- Foreign Trade: Trade with other countries, including exports and imports.
- Customs: Administration responsible for collecting fees on imported or exported goods.
- Accessibility: The ease of access or connection to a space.
- Balance of Payments: All economic transactions between a country and the rest of the world in a year.
- Trade Balance: The difference between the value of exports and imports, indicating a country’s economic strength.
- Infrastructure Plan: Laws to develop essential services for modern economic development.