geography

To satisfy the needs of people. Producers. Consumers. Goods and services.

The agents who MAKE good and services are: GDP. Producers. Consumers.

The people who BUY goods and services are: Producers. Consumers. Supply.

Amount of goods and services that producers MAKE FOR SALE. Supply. Demand. GDP.

Amount of goods and services that consumers WANT TO BUY at a certain price. GDP. Producers. Demand.

GDP (gross domestic product). Is the monetary value of all the goods and services in a year in a territory. Agents try to make a profit.

Stages of economic activities are : Production, distribution, Consumption. primary, secondary tertiary sector.

Activities to make goods and services. Production. Distribution. Consumption.

Activity to get the goods and services to the consumer. Production. Distribution. Consumption.

Acquiring goods and services: Production. Distribution. Consumption.

Transport and commerce are: Production. Distribution.

Obtain raw materials directly from nature. Primary sector. Secondary sector.

Transform raw materials into manufactured products. Primary sector. Secondary sector. Tertiary sector.

Also called the service sector. Secondary sector. Tertiary sector.

Crop farming, Livestock farming, fishing and forestry are activities from: Primary sector. Secondary sector. Tertiary sector.

Industry, mining, energy and construction are activities from: Primary sector. Secondary sector. Tertiary sector.