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tema 5 ECONOMIC ACTIVITY 1, image, image, image, Economic activities is…
tema 5 ECONOMIC ACTIVITY
1
1.1 Economic goods
There are products and services generated by economic activity
Services
activities carried out by humans to benefit society
Products
goods obtained directly from nature or turned into something
Classification
Function
Can be intermediate goods or finished goods
Ownership
Can be private or public
Composition
Can be consumable or capital goods
There are other kind of goods belonging to all humans (air, sun, rain, wind...
1.2 Factors of production
are resources required for the generation of economic goods
Classification
Human resources
People who convert natural resources into economic goods
Capital
the material, technical and financial resources needed to obtain goods
Natural resources
resources provided by the nature
non-renewable
partially renewable
Renewable
1.3 Economic agents
Elements that convert factors of production into goods and services
Conpanies
Private economic agents
not consume products or services
sell generated products and services
The State
offers services to people and companies
financed with taxes
stablishes laws
oversees essential services
People and families
Private economic agents
small production units
generate and consume goods and services
1.4 The economic sectors
Economic activities are grouped into three sectors
Secondary sector
converting raw materials into manufactured products
Tertiary sector
leading services
Primary sector
obtaining raw material from nature
Percentage of people in work
aerogenerators
Solar panels
Economic activities is carried out by humans to get goods
