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The Economy
Vocabulary -match and look for translation into Spanish
1)
2)
3)
4)
5)
6)
7)
8)
9)
10)
11)
12)

Sphere
Sustainable
Profit
...
sustainability… is it possible?
Phases of economic activity

1. Production
2. Distribution
3. Consumption
Economic sectors
subsidy
• A subsidy is assistance paid to a business or
economic sector or producers. Most subsidies are set
in place by t...
Renewable
energies

• Nowadays the economic activities that capture
these energies need a subsidy from
Governments.
• They...
profit
• The amount of money resulting from deducting costs
of production of an economic activity from the
income accrued ...
Capital… what is it?

financial
physical
human

Which capital is the sign of a developed economy?
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Economy introduction

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Economy, key concepts
3ºESO Spanish curriculum

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Transcript of "Economy introduction"

  1. 1. The Economy
  2. 2. Vocabulary -match and look for translation into Spanish 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) Sphere Sustainable Profit Goods Tangible Wages Raw materials Ownership State-owned Subsidy Employee encourage a) b) c) d) e) f) g) h) i) j) k) l) Promote, help Objects, which we can touch Activity that does not overexploit resources Services sold & bought which we can´t touch Money earned for work done The property of someone Not owned by private hands Help given by governments Person working for someone else Area, field Amount earned after deducting costs Materials used to produce something else
  3. 3. sustainability… is it possible?
  4. 4. Phases of economic activity 1. Production 2. Distribution 3. Consumption
  5. 5. Economic sectors
  6. 6. subsidy • A subsidy is assistance paid to a business or economic sector or producers. Most subsidies are set in place by the government for producers or are distributed as subventions in an industry to prevent the decline of that industry (e.g., as a result of continuous unprofitable operations) or an increase in the prices of its products or simply to encourage it to hire more employees (as in the case of a wage subsidy). Examples are subsidies to encourage the sale of exports; subsidies on some foods to keep down the cost of living, especially in urban areas; and subsidies to encourage the expansion of farm production and achieve self-reliance in food production.
  7. 7. Renewable energies • Nowadays the economic activities that capture these energies need a subsidy from Governments. • They are not cheap in monetary terms, but they promote a more sustainable economy.
  8. 8. profit • The amount of money resulting from deducting costs of production of an economic activity from the income accrued from selling godos or services provided: income-costs= profit Fashion chain Zara helps Inditex lift first quarter profits by 30% Inditex, the Spanish clothing retailer, has increased sales and made its founder, Amancio Ortega, the world's third richest man The Guardian Friday 17 August 2012 16.36 BST Apple Reports Fourth Quarter Results 26.9 Million iPhones Sold; Record Fourth Quarter Revenue and Profit The Company posted quarterly revenue of $36.0 billion and quarterly net profit of $8.2 billion,
  9. 9. Capital… what is it? financial physical human Which capital is the sign of a developed economy?
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