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Transcript

The economic agents

Economic agents, function of companies and governments.
Companies: private sector
Governments: public sector
Huseholds: individuals and families
There are three types of agents:
What are economic agents?
Every aspect of economic activity involves economic agents
These economic agents
Take action from an economic perspective
Make decisions
Ownership: public companies are managed and funded by the government. Private companies: belong to individuals
Size: Companies are classified as small (50 employees) or large (1.500 employees).
Can be categorised into various ways

Companies

  1. Companies are the basic units of production for economic goods.
  2. Their function is to produce, distribute and sell goods and services to households and governments.
  3. In return: they received economic benefits.

What is the function of companies?

Stimulating the economy
Their functions include:
The public sector includes economic activities and initiatives carried out by governments.

What is the function of governments?

Providing services

Running the public sector