Categories: All - production - resources - businesses - workers

by Pablo Rodriguez 7 years ago

254

Pablo R _5C_U4_SS

The economic system comprises various components, including people, businesses, and the state, each playing a crucial role. People in an economy are categorized into active and inactive populations, with the former including both employed and unemployed individuals, and the latter comprising those unable to work.

Pablo R _5C_U4_SS

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