Report Risorse Umane
Massimo Asterini
Created on September 19, 2024
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Transcript
The economic environment
Massimo Asterini
4. Economic systems
3. Sectors of production
2. Factors of production
1. Production
Index
Production is the business activity of using resources to make goods and provide services.Goods: are physical products.Services: are not - physical products.Goods and services are produced to meet the needs and wants of consumers.Needs: things that are essential for survival.Wants: things that we would like to have.
Production
Factors of production
Enterprisewho invest money and organise production
LabourHuman skill
Capitalthe equipment
Landnatural resources
Sectors of production
Tertiary production
Primary production consist of industries which acquire the raw materials to make other products.
Secondary production
Primary production
Secondary production is the manufacturing or assembly process.
Tertiary production provides services which assist and give commercial, personal and financial support to producers and consumers.