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ECONOMIC ACTIVITY - Coggle Diagram
ECONOMIC ACTIVITY
THE ECONOMIC SECTORS
Secondary Sector
Building housing
Infrastructure
Reervoirs
Motorways
Industry
Converting
Raw materials
Into manufactured products
Require a variety of energy
Tertiary Sector
Services
Trade
TOURISM
Healthcare
Transport
Education
Primary Sector
Including
Livestock
Fishing
Agriculture
Mining
Forestry
Oldest economic activities
Obtaining resources from raw materials
ECONOMIC GOODS
Generated by Economic Activity
Products
Obtained from nature
Fruits, Fish ..
Services
Activities carried out by humans
Classified by
Composition
Consumable
Durable
Computer
Television
Non-Durable
Pizza
Hamburger
Capital Goods
Equipment
Tools
Function
Intermediate goods
Wool
Finished goods
Shirt
Ownership
Private
Families
Businesses
People
Public
State
ECONOMIC AGENTS
Elements Converting the factors of production
Goods
Services
Elements
Companies
Generate
Goods
Services
Sell for profit
Exchange for money
State
Collecting taxes
Families
Companies
People
Establishes laws
Offers services
People
Companies
Essential services
Defence
Security
Administration
Education
Healthcare
Road infraestructure
Unemployment
People, families
Generating goods and services
Consuming goods and services
Make up small production
FACTORS OF PRODUCTION
Resources
Human Resources
People
By their labour
Exploit
Convert Natural Resources
Into Economic Goods
Capital
Resources thar are needed
Technical resources
Financial resources
Material resources
To obtain
Products
Provide Services
Natural resources
Types
Partially renewable
Drinking water
Fertile soil
Clean air
Non Renewable
Fossil fuel
Minerals
Renewable
Solar energy
Wind
Tides
Flowing water
By Nature