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  • Udad.1 Economic Actiity

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    Patricia Vazquez Garcia
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    This document provides an overview of key economic concepts including: 1) It defines economic activity as the process of production and exchange of goods and services to satisfy human needs, with the main components being production, distribution, and consumption. 2) It outlines the main factors of production that are inputs into the economic process including raw materials, labor, capital, technology, and entrepreneurship. 3) It describes the main economic agents or participants that make up the economy including families, companies, and the public/government sector.

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    Vocabulario unidad 1 pyac

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    This document provides an overview of key economic concepts including: 1) It defines economic activity as the process of production and exchange of goods and services to satisfy human needs, with the main components being production, distribution, and consumption. 2) It outlines the main factors of production that are inputs into the economic process including raw materials, labor, capital, technology, and entrepreneurship. 3) It describes the main economic agents or participants that make up the economy including families, companies, and the public/government sector.

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    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    18 views10 pages

    Udad.1 Economic Actiity

    Uploaded by

    Patricia Vazquez Garcia
    This document provides an overview of key economic concepts including: 1) It defines economic activity as the process of production and exchange of goods and services to satisfy human needs, with the main components being production, distribution, and consumption. 2) It outlines the main factors of production that are inputs into the economic process including raw materials, labor, capital, technology, and entrepreneurship. 3) It describes the main economic agents or participants that make up the economy including families, companies, and the public/government sector.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 10

    UNIT 1

    (Unit 1 Editex)

    Commercial Activity.
    Business Cycle.
    Economic Activity.
    • Concept: Activity that includes the process where production and
    exchange of products (output), goods and services, are generated to
    satisfy human necessities.
    Economic
    Activity

    Consumptio
    Production Distribution
    n
    Keywords.
    • Bienes de consumo: Consumer • Compra de acciones: Stock purchase
    Goods • Compra por internet: Online
    • Bienes de primera necesidad: Basic purchase
    consumer goods • Comprador: Buyer, purchaser,
    • Comprar: Buy, Purchase • Consumidor: Consumer
    • Compra: Purchase, groceries (food) • Cliente: Customer
    • Cesta de la compra: Shopping • Venta: Sale
    basket
    • Mercado: Market
    • Compra a plazos: Hire purchase
    • Vendedor: Agent, Salesperson
    • Compra al contado: Cash purchase
    Factors of production (inputs):

    Factors of
    Production

    Raw material Labour Capital Technology Entrepreneurship


    Economic Sectors

    Tertiary,
    Primary Secondary Service Quaternary
    Agriculture Technology
    Industry Transports
    Livestock Research
    Construction/Bulding Commercial
    Fishing
    Tourism
    Mining
    Education
    Forestry
    Health Service
    Financial
    …
    Economic
    Agents • Function/Role
    (Participants)

    • Consumer
    Family • Labour

    • Production
    Company • Hire/Pay salary

    Public • Regulation
    • Supply basic goods and services
    Sector/State
    Circular Flow of Incomes
    Keywords: • Renta: Income
    • Demanda: Demand • Subvenciones: Grant
    • Oferta: Supply • Impuestos: Tax
    • Mercado de Factores: Market • Interés: Interest
    factors • Beneficio: Profit
    • Precio: Price • Sector Exterior: Foreign Market
    • Trasferencia: Transfer • Exportaciones: Exports
    • Bien Público: Public Good • Importaciones: Imports
    Business
    Cycle

    Short Term Long Term


    Money-Merchandise-Money Capital Cycle

    Accounting

    External /Financial Internal/Analytical


    ASSET AND LIABILITIES
    ASSETS LIABILITIES
    Economic Financial
    Structure Structure
    FIXED NET
    ASSETS/Non WORTH/NET
    CURRENT CAPITAL
    ASSETS

    FIXED
    CURRENT LIABILITIES
    ASSETS

    CURRENT
    LIABILITIES
    TYPE of Companies. Keywords
    • Sociedad: Corporation, Company, Partnership, Society
    • Sociedad mercantil: Trading Company
    • Sociedad Anónima: Stock company
    • Sociedad Colectiva: Partnership
    • Sociedad cuyas acciones cotizan en Bolsa: Stock exchange listed
    company
    • Sociedad limitada: Limited Company
    • Sociedad sin fin de lucro: Non-profit Corporation
    • Autónomo: Self-employed person, freelancer

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