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ECONOMIC ACTIVITY - Coggle Diagram
ECONOMIC ACTIVITY
Factors of production
required for the generation of economic goods
resources
Natural resources
provided by nature
They classified by
Renewable
Partially renewable
Non-renewable
Human resources
exploit
convert
Capital
is made up of the material
Economic sectors
Primary sector
activities
livestock
fishing
forestry
mining
Secondary sector
manufactured products
building housing
infrastructure
Tertiary sector
lending services
education
healthcare
trade
tourism
Economic goods
are products and services
generated by economic activity
Can be classified by
Composition
Consumable
capital goods
Function
intermediate goods
finished goods
Ownership
private
public
Economic agents
converting the factors
into goods
into services
These are
People and families
make up
production units
generating
consuming goods
services
private economic activity
Companies
private economic activity
small medium-sized companies to muntinational companies
The State
it offers services to
people
companies
essential services
administration
security
education
healthcare
etc.