ECONOMIC ORGANISATION OF SOCIETY

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ECONOMIC ORGANISATION OF SOCIETY by Mind Map: ECONOMIC ORGANISATION OF SOCIETY

1. economics factors

1.1. labour

1.1.1. is all human activity, physical or intellectual, required to produce goods or provide services. Human intervention is still necessary

1.2. capital

1.2.1. two types: Physical capital: the land on which the business is built, the construction and maintenance of the premises

1.2.2. Financial capital: money needed to the begin production

1.3. technology and expertise

1.3.1. Technical expertise makes possible the design construction and machines

2. economics systems

2.1. the subsistence system

2.1.1. in this system, which is characteristic of societies with low levels of development, people produce what the need to meet their basic needs

2.2. the capitalist system

2.2.1. the system defends free competition between individuals and companies

2.3. the planned economy system

2.3.1. the state owns the means of production and control all aspects of the economy

2.4. alternative economies

2.4.1. reject capitalism because they say it does not meet the real needs of its citizens and promotes inequality

3. economics sectors

3.1. the primary sector

3.1.1. activities that produce food for consumption and raw materials for industry

3.2. the secondary sector

3.2.1. activities that transform raw materials through industrial processes into manufactures products.

3.3. the tertiary sector

3.3.1. it provides services to the population or to companies such as healthcare, education, transport, tourism...

3.4. the quaternary sector

3.4.1. this is a new economic sector based on expertise that includes activities related to the social creation, distribution and manipulation