Economy as Social Institution

What type of Social Institution is this?

• Society

• Family

• Religion

• Language

What type of Social Institution is this?

• Society

• Economy

• Government

• Education

Tangible objects that are necessary such as food, clothing, shelter and etc.

• goods

• services

• demand

• supply

These are activities that benefit others and in which people are willing to pay such as dry cleaning, going to the theatre, medical services and etc.

• services

• demand

• supply

• goods

How many sectors are there in an economy?

• 10

• 5

• 3

• 7

What sector is the extraction of raw materials and resources from the environment

• Primary

• Tertiary

• Secondary

• Quarternary

This sector is the provision of services rather than goods such as transportation, fast-food service, real estate and etc.

• Secondary

• Primary

• Quarternary

• Tertiary

The processing of raw material (from the primary sector) into finished goods.

• Primary

• Secondary

• Tertiary

• Quarternary

Which sector does Agriculture belong to?

• Primary

• Secondary

• Tertiary

• None

What sector is in the picture?

• Primary

• Secondary

• Tertiary

• Quarternary