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Description
Flashcards by David Andrino, updated more than 1 year ago
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Created by David Andrino
about 8 years ago
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| Question | Answer |
| 1. What are called economic activities? | What is carried out by humans in order to adquire goods that satisfy consumer's needs |
| 2. What are called the economic goods? How can they be classified? | Products and services. By composition, function and owneership |
| 3. What are the factors of production? | Resources requiered for the generation of economic goods |
| 4. Types and subtypes of economic factors. Explain each one of them | · Natural resources: Obtained directly from nature. Three types: - Renewable - Partially-Renewable -Non-renewable · Human resources: People who exploit factors of production · Capital. Material, technical and financial resources that are needed to abtain products and services |
| 5. What are the economic agents?Which are they? | The elements that have a role in converting factors of production into goods: - People and families -Companies -The state |
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