PRODUCTION, DISTRIBUTION AND CONSUMPTION OF GOODS AND SERVICES

1 Production

Capital

It refers to all those goods or manufactured articles in which an investment has been made and which contribute to the production

Worked

It refers to all the human, physical and mental capacities possessed by workers.

Economic system

primitive

Primary needs such as food

planned

State, who makes the big decisions

Market

Promotes the exchange and specification of work

Consumption

Private

Value of all purchases of goods and services made by family units and private non-profit institutions

Public

2 Distribution

Producer

Factory

Wholesaler

They purchase their products directly from manufacturers or agents, sell to retailers or other manufacturers.

Retail

Also called retailers, they sell to the final customer.

Consumer

Client