Economic Activity
What are the three components of economic activity?
Production
Distribution
Consumption
What are the three classifications for companies by economic activity?
Industry
Services
Trade
What are the four primary sector activities in the textbook?
Agriculture
Livestock Farming
Fishing
Logging
What are the two types of mines used in the secondary sector?
Underground Mines and Quarries
The tertiary sector involves activities that do not obtain products, but provide _________.
Services
Who performs economic activity?
Companies and Consumers
What are the three classifications for companies by the origin of their capital?
Private Companies
Mixed Companies
Public Companies
What are the two types of farming?
Dryland and Irrigated Farming
What are two examples of traditional energy sources used in the secondary sector?
Possible Answers:
Coal, gas, oil, and nuclear energy
What are the three tertiary sector activities in the textbook?
Trade
Tourism
Transport
What are the three types of expenses?
Fixed
Unexpected
Variable
How many people work for a medium-sized company?
Between 50 and 250
What is the most common type of livestock farming in Spain?
Pig Farming
What are two examples of alternative/renewable energy sources used in the secondary sector?
Possible Answers:
Water, sun, and wind
What are the two types of commerce?
What is used to convince us we need something?
Advertising
How would you classify this company in three ways?
A painting company that has twenty employees and hasn't received any money from the Government.
Services
Private
Small
What are the two types of fishing?
Deep-sea Fishing and Inshore Fishing
What are the three types of industries found in the secondary sector?
Heavy Industries
Capital Goods Industries
Consumer Goods Industries
What are the two commercial activities?
Importing and Exporting
Instead of using money to purchase products and goods, what was used during Classical Antiquity?
The barter system
How would you classify this company in three ways?
An oil drilling company that has thousands of employees and was created with capital from individuals and the Government.
Industry
Mixed
Large
What are three examples of products made using the wood from logging?
Possible Answers:
Furniture, paper, cork, rubber, rubber, resin, etc.
How many people out of 100 work in the secondary sector in Europe?
30
How many people out of 100 work in the tertiary sector in Europe?
66