Economy

The three elements in the economy are:

• Production

• Purchases

• Accounts

• Distribution

• Consumption

In a company, there are three different types of resources

• Human

• Financial

• Secondary

• Management

• Material

Human resources are related to

• people

• tools, machinery, energy, technology

• money

Material resources are related to

• people

• tools, machinery, energy, technology

• money

Financial resources are related to

• people

• tools, machinery, energy, technology

• money

These companies obtain resources from nature

• Primary sector

• Secondary sector

• Terciary sector

These companies transform raw materials into products

• Primary sector

• Secondary sector

• Terciary sector

These companies these companies provide services

• Primary sector

• Secondary sector

• Tertiary sector

___________ companies have less than 50 workers

______ companies have 50 to 250 workers