Pablo R _5C_U4_SS

Lisää tämän kaltaisia

Circular flow of income in two three and four sector economies

luonut Siti Noreen

six factors of production

luonut Mhyca Munoz

THE ECONOMY AND ITS SECTORS

luonut Txema Betes

Microeconomics - 2G03 - Chapter 6

luonut Remek Debski

THE ECONOMIC SYSTEM

PEOPLE IN A ECONOMY

Non-paid workers: parents, volunteers

Inactive population: people unable to work

Active population: people old enough and physically able to work. Employed and unemployed.

ECONOMIC SECTORS

TERCIARY SECTOR: The service sector. selling of goods and services, in Spain 67% of population works in it.

International trade

National trade

Hypermarkets

Local Shops

SECONDARY SECTOR:, based on industrial manufacturing -Industrial revolution

3rd phase: digital tecnology. New energy sources; nuclear, renewable. Highly-skiled workers.

2nd phase: invention of trains and railroads. Iron and stell production. Invention of electricity. mass pction. more skilled workersrodu

1st phase: Steam engine, mechanisation of work. People moved form country side to cities. Textile industrie. low-skilled workers

PRIMARY SECTOR: Raw material are the natural resources

Silviculturalists

Miners

Fishermen

Liverstock farmers

Crop farmers

FACTORS OF PRODUCTION

CAPITAL - Man-maded Resources

LABOUR - People needed for production

LAND - Natural Resources

ECONOMY AGENTS

STATE

BUSINESSESS

HOUSEHOLDS