Hello, thes are all definitions we have learned to today, of the unit 2.
Economy: It's the science that studies the activities human beings develop to fulfil their necessities.
Economic activities: It's these activities, can be divided into two groups:
- The activities that consist in producing goods.
- The activities tht consist in rendering services that people need or desire.
Market: It's the place where the people who supply products or services and consumers meet.
Market economy or capitalism: The economy system based on the market and the accumulation of capital in the hands of the capitalists.
- Capitalist: Owners of capital and means of production .
- Workers: They don't have capital and means of production. They have to work to survive.
Social economic system: There was another economic system, different from capitalism.
- Workers: They was the owners and they organize production collectively, the wealth is distributed equaly.
- State: It was the owner of the capital the means of producion and the organized the work.
Well, I think you are all, I hope you help.
Kisses.
