KEY WORDS

1- KEY WORDS

~WELFARE STATE: A welfare state is a concept of government where the state plays a key role in the protection and promotion of the economic and social well-being of its citizens.

~TRADE: Trade is the voluntary exchange of goods, services, or both.

~INSURANCE : is defined as the equitable transfer of the risk of a loss, from one entity to another, in exchange for payment.

~HEALTH SERVICES : The health-care industry incorporates several sectors that are dedicated to providing services and products dedicated to improving the health of individuals.

~HOUSEHOLD CONSUMPTION: Consumption is a common concept in economics, and gives rise to derived concepts such as consumer debt.

~INTEREST RATE: An interest rate is the price a borrower pays for the use of money they borrow from a lender, for instance a small company might borrow capital from a bank to buy new assets for their business, and the return a lender receives for deferring the use of funds, by lending it to the borrower.

~TERTIARISATION: is an economic and social transformation that affects the most developed countries since the last phase of the industrial revolution (third industrial revolution).

~MOTORWAY: a motorway is a dual carriageway limited access highway with grade separated junctions designed and built solely for motorised traffic.

~PIPELINE: pipeline transport is the transportation of goods through a pipe. Most commonly, liquid and gases are sent, but pneumatic tubes that transport solid capsules using compressed air have also been used.

~FREIGHT: goods or produce transported, generally for commercial gain, by ship, aircraft, train, van or truck.

~GATT-WTO: the General Agreement on Tariffs and Trade (typically abbreviated GATT) was negotiated during the UN Conference on Trade and Employment and was the outcome of the failure of negotiating governments to create the International Trade Organization (ITO).

~LEISURE: is a period of time spent out of work and essential domestic activity..

~SPA: is associated with water treatment which is also known as balneotherapy.

~RESORT: a resort is a place used for relaxation or recreation, attracting visitors for holidays or vacations.

~ENVIRONMENT: The biophysical environment is the symbiosis between the physical environment and the biological life forms within the environment, and includes all variables that comprise the Earth's biosphere.