5. THE ECONOMIC ORGANISATION OF SOCIETY

It is s the term we use to describe all the different jobs done by people in order to satisfy society's needs and desires. 

• human activity

• economic activity

• market economy

• job market

The three phases of economic activity in order are:

• consumption, distribution and production

• distribution, production and consumption

• production, consumption and distribution

• production, distribution and consumption

Provides goods and services for consumption.

• distribution

• production

It combines the use of natural resources, skills and labour.

• consumption

• distribution

• production

It includes the delivery and sale of goods and services.

• consumption

• distribution

• production

This is the last phase of economic activity, when a product or a service is used to satisfy a need or desire.

• consumption

• distribution

• production

It involves the storage, transport, marketing and sale of goods to the consumer.

• consumption

• distribution

• production

They satisfy the desires or needs of the consumer.For example, clothes.

• consumer goods

• intermediate goods

• services

• retail

Healthcare, transport, information...

• consumer goods

• intermediate goods

• services

• retails

• wholesales

They are materials or parts that are used to make other goods. For example, the flour.

• consumer goods

• intermediate goods

• services

• retails

• wholesales