ECONOMIC ACTIVITY

NEEDS
1. Primary
  1. cothes
  2. place for live
  3. food and water
2. Secondary
  1. confort
  2. entretainment
THE MAIN ECONOMIC ACTIVITIES:
1. production
  1. the creation of goods and services
2. distribution
  1. transporting goods from the producer to the consumer
3. consumption
  1. Is based on using the goods and services produced.
ECONOMIC SYSTEMS
1. Authority
  1. the government decides all
2. Capitalism and free market
  1. relationship between household and business
  2. the government not receive money of the free market
3. Tradition based
  1. relationship bases in household.
4. Mixed
  1. The 3 economic agentsintervence
    1. Businesses
    2. Goverment
    3. Households
5. The supply and demand
  1. Demand
    1. is the number of people that want some products
  2. Supply
    1. the number of products that the business make depending of the demand
ECONOMIC AGENTS
1. Households
  1. meet their needs by using the goods and services offered by businesses and the governments.
2. Business
  1. employ labour to produce goods and service which in turn meet the need of households and the government.
3. Goverment
  1. produces and uses goods and services,such as healthcare products to supply public hospitals.
FACTOR OF PRODUCTIONS
1. Capital
  1. Human capital
  2. Phiyical capital
  3. Finalcia capital
2. Natural resourses
  1. Renewable sources
    1. flora
    2. fauna
    3. the sun
    4. water
    5. Wind
  2. Non Natural resourses
    1. natural gas
    2. oil
    3. iron ore
3. Labour
  1. Physical labour
  2. Intellectual labour

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ECONOMIC ACTIVITY

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