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ECONOMIC ACTIVITY (ECONOMIC SYSTEMS (Free Market Economic System (Demand,…
ECONOMIC ACTIVITY
ECONOMIC SYSTEMS
Free Market Economic System
Demand
Supply
Central Planning Economic System
Traditional-Based Economic System
Mixed Economy System
Welfore State
SECTORS OF ECONOMY
Secondary Sector
Terciary Sector
Primary Sector
PRODUCTION
FACTORS OF PRODUCTION
Natural Resources
Renovable respurces
Non-ronovable resources
Laboor
Capital
Physical Capital
Human Capital
Finantial Capital
ECONOMIC AGENTS
Housesholds
Purchasing power
Business
Goverment
HUMAN NEEDS