ECONOMIC ACTIVITY
Economic activity is what humans do in order to acquire goods.
Economic goods
Factors of production
Economic agents
The economic sectors
Classification
Composition
Function
Ownership
Consumable
Durable
Non-durable
Intermediated goods
Finished goods
Private
Public
Goods which are not related to the economy, and which belong to all humans.
Products and services generated by economic activity.
They are the resources that are required for the generation of economic goods.
Economic agents are those elements that have a role in converting the factors of production into goods.
Primary sector
Secondary sector
The Secondary sector includes activities involved in converting raw materials into manufactured products or building housing and infrastructure.
Tertiary sector
The Tertiary sector, also known as the service sector includes education, healthcare, trade, tourism and transport.
Groups:
Human resources
Capital
Natural resources
These are...
Companies
The State
People and families
These are the resources that are provided by nature.
Classification
Rewenable
Partially renewable
Non-renewable
Capital goods
These are the people who convert natural resources into economic goods.
This is made up of the material, technical and financial resources.
They are private economic agents that make up small production units.
These are also private but do not consume the products or services that they generate.
It offers services to people and companies by collecting taxes from people.
It establishes the laws.
The Primary sector includes activities involved in obtaining resources directly from raw material.