The production of wealth

An electric guitar is a type of

• Service (Service)

• Good (Bien)

A trip to Barcelona in a RENFE train is a type of

• Market production (Production marchande)

• Non-market production (Production non marchande)

The Ikea carpet used to make John Snow's cape is a form of

• Fixed capital (Captal fixe)

• Circulating capital (Capital circulant)

• Labour (Travail)

The Red Cross is a form of

• Not-for-profit organization (Organisation à but non lucratif)

• For-profit organization (Organisation à but lucratif)

It can go as high as 10 % in emerging countries, but 2 % is an acceptable number for developed countries.

• Gross Domestic Product (GDP) (Produit Intérieur Brut (PIB))

• Economic growth (Croissance économique)

Apple is one of them.

• Privately owned enterprise (entreprise privée)

• State-owned enterprise (entreprise publique)

Sales - Production costs =

• Profit (Bénéfice)

• Value added (Valeur ajoutée)

Police officers and teachers are essential but don't contribute to the production of wealth.

• True

• False

Not all companies seek profit.

• True

• False

Economic growth improves everyone's situation in a country.

• True

• False