Unit 2 Economicactivity and society

What do you thinkIs the

Economy?
- Adaptation to our environment.
- Alteration of our environment.
 in a society
n demand
om a segmentofthe populati , political
uption and an undergro ‘onmental

UNISMorplanned e
e. The consumer demand1: graterthan the supply.
YSTEMS--> the State intervenesto control inequality.
m is compatible with access to public services and
> ensure the wellbeing ofthe majority ofthe population
 The new economy

Financial economy:
- Financial capital: many companiesrely in investmentto carry outtheir
economic activity.
- Financialactivities: business activities with specific monetary objectives.
- Financial markets ("bolsas")

Theservice industry:
- Employmentin the service industry continues to grow while industrial mang
employmentrepresents a smaller proportion ofjobs.
- Result --> the numberofsmall services companiesis increasing at aI level and
industrialactivity is now generally concentrated in large companies.

Innovation andcreativity:
- To be more competitive, companiesfocus on creating innovative products which
attract customers.
- In terms ofeconomic geography,creative industries have certain characteristics:
- They give products addedvalue.
- They help to create higher-quality jobs.
- They tendto be concentratedin certain spaces.
 Renewable energies
They're the only possible alternativeto oil as they'll never runout.

- Hydroelectric energy: producedby waterfalling from dams and

rivers.
- Biomass: the production of certain fuels by fermenting organic
matter.
- Geothermal energy:uses the heat inside the Earth to produce
electricity.
- Solar energy: solar radiation produceelectricity using photovoltaic
solar panels. Only during the day.
» Aeolic energy: uses the wind to movelarge wind turbines,
producing electricity. Glossary time
 Glossary time
Gross Domestic Product (GDP)
Human Development Index (HDI)
Household consumption
Labour
Capital
Land
Unit 2 Economicactivity and society