Terminology


 * __ Econometrics: __** Is a specific discipline that with mathematics and statistics controls with applications of methods how is the development of the economy (as a science).

**__ Globalisation __****__ : __** This word almost explain itself with just watching it, the “global” word is a key because it means all the world integrated, and that it’s globalization, the integration of the social community, thanks to the new technology such as communication, transportation and an old activity the trade. Of course this can help in a social, economic and political way.



**__ International finance: __** Refers to the exchange, the investments and how this to things has an effect on the international trade. That means that this branch of the economy, study the present of the trades so it can diagnose the future options and currency swaps of the capital and deficits.



**__ Labour: __** Is the dynamic interaction in the market, between workers and demanders of services. So this it is also consider as a pattern of the wages, employ and income. This word is closely related with production and because of that to the word capital to.