Economic organizations

What is economic activity?

• Jobs done by workers to provide goods and services

• Jobs done by workers to fit secondary needs

• Working for personal needs

The three phases of economic activity are production, distribution, and consumption

• True

• False

How many types of capital are there?

• 3

• 1

• 4

• 2

Which are activities of the primary sector?

• Activities that produce food

• Activities that produce raw materials

• Activities that provide services

How many economic sectors are there?

• 5

• 3

• 4

• 6

Which is also called the free market system?

• Socialism

• Capitalism

• Communism

• Alternative economies

Which economic system have low levels of development?

• Alternative economies

• The planned economy system

• The subsistence system

• The capitalist system

A mixed economy is the product of what?

• State and Market

• Social services and production

• Profit and distribution

What types of of production are there according to the technology they use?

• Manual

• Mechanical

• High-tech

• Financial

Wholesale and retail are types of distribution.

• False

• True