ECONOMIC ACTIVITY

ECONOMIC ACTIVITY

1. Human need and production

   • Economic activity
     • Production
       • Create a good
     • Distribution
       • Transport it
     • Consumption
       • Use it
     • Meet human material need
       • Products
   • Factors of production
     • Natural resources
       • Non-renewable
         • Exhausted
       • Raw material from nature
       • Renewable resources
         • Without being exhausted
     • Labour
       • Work for a salary
     • Capital
       • Human capital
       • Physical capital
       • Financial capital
   • Economic agents
     • Goverment
       • Collect taxes
       • Produce goods and employs
       • Aid and subsidies
     • Households
       • Supply labour
       • Use goods and services
       • Receive a salary
     • Business
       • Give payments
       • Produce good and employ
     • Major role

2. Sectors

   • Primary sector
   • Secundary sector
   • Tertiary sector

3. ECONOMIC SYSTEM

   • Mixed system
     • Taxes
       • Welfare state
     • Prevend
   • Authority
     • What to produce?
       • Authority
     • How?
       • Economic goals
     • For whom
       • Those that need it
   • Capitalism
     • Free market
     • Investment of capital
     • Private ownetship
     • Suply
     • Demand
     • Price
   • Tradicional
     • Beleifs, customs and law
     • Self consumption
       • Subsistence
         • Very old customs
     • Benefict the community
       • Importance of trade
     • Common pasture
       • Spanish mountains
     • Guilds
       • Regulate tules and conditions
   • Basic economic issues
     • What
     • How
     • For whom

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