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ECONOMIC ACTIVITY, image, image, image - Coggle Diagram
ECONOMIC ACTIVITY
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FACTORS OF
PRODUCTION
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Groups:
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Human resources
People who, depending on their work, exploit and convert natural resources into economic goods.
Capital
Made up of the material, technical and financial resources, that are needed to obtain products and provide services.
ECONOMIC AGENTS
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Are:
People and families
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Make up small production units, generating and consuming goods and services
Companies
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Don't consume their products or services, they sell them to take profit and change money
State
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Financed collecting taxes from people, families and companies
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ECONOMIC SECTORS
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Secondary sector
Convert raw materials
into
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Building housing and infrastructure (motorways, reservoirs).
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