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Economic Activity - Coggle Diagram
Economic Activity
Economic activities
Economic activity is what is carried out by humans in order to acquire goods (products and services) that satisfy consumer needs.
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Products are goods which are obtained directly from nature (fruit, fish...) or which are turned into something (clothes, machines, books).
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Factors of production
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Human resources.
people who, by virtue of their labour, exploit and convert natural resources
Capital.
This is made up of the material, technical and financial resources
THE ECONOMIC SECTORS
Economic activities are grouped into three sectors: the primary sector, the secondary sector and the tertiary sector.
Primary sector
activities involved in obtaining resources directly from raw materials, including agriculture, livestock, fishing, forestry and mining.
Secondary sector
activities involved in converting raw materials into manufactured products (industry) or building housing and infrastructure
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ECONOMIC AGENTS
Economic agents are those elements that have a role in converting the factors of production into goods and services.
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