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ECONOMIC ACTIVITY - Coggle Diagram
ECONOMIC ACTIVITY
Human needs and production
Economic actuvity
Distribution
The distribution from the producer to the consumer
Consumption
Is the other two but in one
Production
The creation of good services
Economic agents
Hoseholds
It is a group of people that life in a house
The government
Produces and uses goods and services
Buisiness
Employ labour to produce good and services
Factors and production
Capital
Physical capital
Are rawnmaterials, facilities, tools and ,machinery,etc
Financaial capital
Is the money needed to pay physical capital and human capital
Human capital
Is the labour that workers contribute
Labour
Is a concept that inculdes both physiscal and intellectual labour.
Natural resources
This materials are found in the nature. There are used in the consumtion and manufactoring also this materials regenerate faster that their are consumed
Economic systems
The mixed economic system
Secondary sector
This sector work in manufactory this mane raw materials and producing capital goods
Tertiary sector
This sectors is the biggest sector of the three because inqludes the travel, selling and more.
Primary sector
The primary sector is work with the nature and take produce from the nature.
Auhority: the central planning system
Normaly the demand is more important than the supply this affect alot to the economic and if it is demand the price is more than the supply.
Capitals and the free market system
Supply
The product aviable on the especific market
Demand
The product of services that consumers more want and their price increase
Price
It is the value assigned to a product
Prices increase
This happend when the price of the product go up
Price decrease
This happend when the price of the product go down
International decision.making bodies
Informal Forums
There is a Group of Seven (G7) that inside are the seven countries with most military and economic power. There is to the BRICS that is a group of five countries that speak about how to reform international organisations.
Economic Organisations
There are some economic organisation that have an specific aims like WTO and NAFTA. The World Banks main aim is provide money to goverment for reform project.
Regional Organisations
This is the union of diferent countries in diferent continets that are an union form some reasons there are four in the world: EU, AU, OAS and ASEAN.