The Economic Context

Primary sector refers to the companies

• involved in obtaining raw materials

• that transform raw materials into finished products

• that provide good and services to businesses and people

E-commerce describes all types of commerce that happens

• through wholesalers

• online

• in brick-and-mortar shops

Which of these factors of production consists of workers' physical and mental efforts?

• land

• labour

• capital

Online shopping is commonly getting

• more and more popular

• less and less popular

• more and more expensive

The largest economic organisation in the world is

• the Eurozone

• the European Union

• the World Trade Organisation

The Eurozone is made up of

• 164 States

• 27 States

• 19 States

One of the disadvantages of online shops is that

• you have always to be present

• you cannot reach everybody everywhere

• products must be stored somewhere

Needs

• are basic elements we cannot live without

• consist of strong wishes to have something

• usually refer to something tangible

Domestic trade is carried out

• between different countries

• within the borders of a single country

• between city and countryside

In a market economy

• the economy is controlled by the government

• the State provides everyone with essential services

• the government stays out of the economy