Economic Activity

Sectors of the economy
1. Primary Sector
  1. Agriculture
  2. Livestock Farming
  3. Forestry
  4. Fishing
2. Secondary Sector
  1. Mining
  2. Industrial Activities
  3. Construction
  4. Energy production
3. Tertiary Sector
  1. Commerce
  2. Tourism
  3. Transport and communications
  4. Services
Economic systems
1. Tradition-based
  1. Preserve the community
  2. Self-consumption
  3. Subsistence
  4. Is produced what can be produced
2. Capitalism
  1. Private ownership
  2. Investment of capital
  3. Free market
  4. Price
  5. Supply
  6. Demand
3. Authority
  1. State governs
  2. Social equality
  3. Equal distribution of wealth
4. Mixed
  1. Efficiency of Authority
  2. Free market
  3. Equal opportunities
Human needs and Production
1. Economic activity
  1. Production
    1. Create goods
  2. Distribution
    1. Transporting goods
  3. Consumption
    1. Use the product
2. Factors of production
  1. Natural resources
    1. Raw materials
    2. Renewable resources
    3. Non-renewable resources
  2. Capital
    1. Human
      1. Worker's labour
    2. Physical
      1. Facilities
      2. Things that you own
    3. Financial
      1. Money needed
  3. Labour
    1. Produce and get paid
3. Economic agents
  1. Households
    1. Supply labour by working
    2. Use goods and services
    3. Supply financing through spending and taxes
    4. Recieve wages and salaries
  2. Government
    1. Produces and uses goods and services
    2. Employs labour
    3. Collecs traxes
    4. Supplies financing trough wages and salaries or aid and subsides
  3. Businesses
    1. Produce goods and services
    2. Employ labour
    3. Provide payment for work
    4. Supply financing through taxes

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Economic Activity

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	Created by Hernán García Quijano over 8 years ago