Secondary sector

Tertiary sector

Quaternary sector

Primary sector

Cost that do not change depending on levels of production.

Cost of the product.

Cost of operating to produce output.

Costs which do change depending on levels of output.

assembling computers

selling computers

building computers

making computers

Spending more money on building public hospitals.

Higher tax in bañaña industry.

Higher employment rate.

lower income on the workers in the country.

The exchange of goods and services within the national borders - imports and exports.

Allowing trades to occur without any barriers to trade.

The exchange of goods and services beyond national borders - imports and exports.

banana

Something that have negative effects in an economy.

Something that have social benefits.

Goods provided by the government

production or consumption of products causes a positive/negative effects on someone who's not involved in the economic activity.

Youth unemployment

Frictional unemployment

Structural unemployment

Seasonal unemployment

Hookey stick

The highest point on the axes

The turning point of the axes

The lowest point on the axes

Gross Domestic Production

Good Dominos Pizzas

Gross Domestic Product

Growth Domestic Product

A measurement of population living.

A measurement of standard of living.

A measurement of population average working condition.

A measurement of bananas.

A watch

Cars

Smartphone

Gold

Competitors and consumers have imperfect knowledge of the production.

Price Maker

Low barriers to entry

Single supplier to all the consumers