Production consists of the creation of goods and services, such as food produced by a farmer.

Distribution involves transporting goods from the producer to the consumer, such as the transportation of food from farms to shops.

Consumption is based on using the goods and services produced, such as when a household consumes food.

Households meet their needs by using the goods and services offered by businesses and the goverment.

Businesses employ labour to produce goods and services.

The goverment (central government, public sector films, etc.) produces and uses goods and services, such as healthcare products to give to public hospitals

Natural resources are raw materials found in nature. They are used in the consumption or manufacturing of products, and as energy sources.

Labour is a concept that includes both physical and intellectual labour. Labour can be out using different types of technology, tools and machines.