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Economic activities


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Presentación en inglés sobre actividades económicas como introducción para 3º de ESO

Published in: Technology, Economy & Finance

Economic activities

  1. 1. Economic Activities<br />
  2. 2. What are Economic Activities?<br /> The economic activities are the set of activities realized by the human beings to satisfy his needs. The economic activities produce the goods and give the services that the persons need or wish. The economic activities have 3 factors: <br />Commercialization and distribution<br />Consumption<br />Production<br />
  3. 3. Consumptiom goods<br />The production of goods needs natural resources, tecnology and work. The human being produces two types of goods: <br />Production goods<br />The production of services needs organization and infraestructures (like a High School in the Education System).<br />
  4. 4. Storage<br />Commercialization and distribution include: <br />Wholesale<br />transport<br />Sale<br />Retail<br />
  5. 5. If we buy a material goods, we are consumers.<br />With the consumption we can satisfy our needs.<br />But, when we use a service, we are users.<br />
  6. 6. Types of Ecomomic Activities<br />Primary group employes people to collect or produce natural resorces from the land or sea, like farming and fishing.<br />Secondary group makes or manufactures goods, like car assembly.<br />Tertiary group provides services por the people, like the High School.<br />Quaternary groupe is a new definition, related with high tech service, industry that carries out research and provides information and advice.<br />
  7. 7. Capitalism: Market economy.<br />The fundamental idea is that only with the law of supply and demand are obtained the just prices that help the persons to satisfy better their needs.<br />Prices depend of the quantity of goods and buyers. If on market there are many buyers and few goods, prices will rise. If on market there are a many goods, price will go down. Other factors, like publicity, can change markets and prices.<br />Market is the place where we can buy and sell goods. In markets we find sellers (supply) and buyers (demand). Sellers want to obtain the best profits and buyers want to obtain the best prices. For the capitalism, the relation between buyers and sellers must be free.<br />This is the law of supply and demand.<br />
  8. 8. EconomicActors<br />Citizens, lobbies, companies or public and private institutions are parts of the markets. They are the economic actors. The most important are:<br />Families: Each family uses a big part of his resources to buy goods and services with the wages.<br />Public sector is the group of economic and social activities that States must offer to the citizens.<br />Companies produce and distribute goods and services.<br />
  9. 9. Companies<br />Companies produce goods and services. They need work and capital. Capital is the set of resources that one company must use to produce something: money, buildings, tools, etc. Cost price is the price of production: raw materials, energy, transport, wages, taxes, etc. Market price must be higher than cost price. The difference between both is the profit. Companies can be primary, secondary, tertiary and quaternary according to the activity that they realize. But according to their size, the companies can be multinational (corporations), large, mid and small.<br />
  10. 10. Public sector<br />To support the public administration (central government, regional government, town hall).<br /> To promote the economic activity and the social relations with infrastructures, public works...<br /> To offer public services, as education, health, transport, police...<br /> To offer pensions, unemployment subsidy, to attend to natural disasters, etc.<br />Normally, States use taxes and other incomes to pay these services.<br />