Economic activity
Economic activity is what is carried out by humans in order to acquire goods that satisfy consumer needs.
Economic goods
Factors of production
Economic sectors
Economic agents
Economic goods are products and services generated by economic activity.
Products are goods which are obtained directly from nature or turned into something.
There is a kind of goods that aren't related to economy and belong to all (rain...)
Services are activities carried out by humans to benefit society
Classified by
Function
Composition
Ownership
Private
Public
Intermediate
Finished
Capital
Consumable
The factors of production are the resources that are required for the generation of economic goods.
3 groups
Capital. Needed to abtain products.
Human. People who convert natural resources.
Natural. Renewable, partially renewable or non-renewable.
People and families. Private agents that make up small production units.
Companies. Private or semiprivate. They don't consume tehir goods, theu sell them. Small, medium or multinational.
Economic agents are those elements that have a role in converting the factors of production into goods and services.
State. Offers people or campines services, finaced by taxes. Stablishes the laws and oversees essential services.
Secondary
Primary
Tertiary
Obtaining resources from nature
Converting raw materials into manufactured products
Services