ECONOMIC ACTIVITY

ECONOMIC GOODS

FACTORS OF PRODUCTION

ECONOMIC AGENTS

THE ECONOMIC SECTORS

what humans to acquire goods( products and services) to satisfy consumer needs

economic activity produces

classification of the goods

products

services

obtained directly from nature

activities to benefit society

turned into something

composition

function

ownership

consumable goods

capital goods

durable

non-durable

intermediate goods

finished goods

private

public

Resources that are required for the generation of economic goods.

the three groups

natural resources

human resources

capital

renewable

partially renewable

non-renewable

resources need to obtain products and provide services

resources provided by nature

People that convert natural resources into economic goods.

Elements that have a role in converting the factors of production into goods and services.

people and families

companies

the state

private economic agents

make up small production units

generate and consume goods and services

private agents

don't consume their products

small

sell them in exchange of money

medium side

international companies

in all economic sectors

offers services

people

companies

collecting taxes from

families

people

companies

it stablishes

laws

essential services

Economic activities are grouped into three sectors: the primary sector, the secondary sector and the tertiary sector.

primary sector

secondary sector

tertiary sector

obtain resources directly from raw materials

agriculture

livestock

fishing

mining

convert raw materials into manufactured products

industry

build housing and infrastructure

lend services

public

pizza

capital

natural resorces

human resources

families

: companies

state

primary-sector

secordary

tertiary

taxes

products services