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ECONOMIC ACTIVITY (ECONOMIC SYSTEMS (Free market (supply (supply), demand…
ECONOMIC ACTIVITY
ECONOMIC SYSTEMS
Central planing
Mixed
Free market
supply
demand
Traditional
SECTORS OF ECONOMY
Secondary sector
Tertiary sector
Primary sector
PRODUCTION
Factors of production
Natural resources
non-renewable
renewable resources
Capital
physical capital
human capital
financial capital
Labour
Economic agents
households
busisness
goverment
HUMAN NEEDS
