AGENT:

Decide that good and services will be consume or produce and heir production for society. The agent decide the good look the needs more important for the society.

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CLASSIFICATION ABOUT THE MARKET:


  • Depended of obligation and laws of the market:

Free market:

Is those in with freedom os transaction exist

Intervened market:

In those in with the price and the negociant quantity.

  • Depended of the quantity of information that have got the buyer and the stallkeeper about their sales proposals.

Transparent market:

When agents of the market be reliable

COMPANIES:

They decide how to produce the goods and services that demand other operators, the companies should choose the process of production less expensive, this generate the supply.

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COMPLEMENTARY GOODS:

Are goods that complementary her activite, are those that use together for meet needs.

For example: the car and her gasolin.

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ECONOMY SYSTEM:


It is a set of different elements by linking of different forms is getting a different system economic, for example is you do omelet and use to different types of ingredients, when come back do the omelet whith this two types of ingredients but when you link of different forms, no going to well.
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EFFICIENT:

Use the things of the best form possible. For example: we are studing one hour and everybody have the save mental capacity but not all use the time for equal.

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FAMILIES:

Are consumers, they may have the election of goods and services. That the best meets your needs. This is the demand. The families give her job in exchange for wabe.

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GOODS:

It is something that you can touch and get in a market and pay for them. For example: the computer

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You can touch. (good) You can't touch.(services)

GUARANTEE:


Is the person that when I don't pay this person pay for me. For example: I ask a loan and the bank look my nomine if I don't pay the loan, someone pay for me.

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INFLATION:


Refers to the increase of prices of goods and services in a period of time.
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MARKET:



In the economy the market is a set of offer of goods and services that attend the demand.


That is, are this places where you can buy goods and services and exchanged for money.
Exist two big groups of market:
  • Market the good and services.
  • Market productive factors.

For example: The Corte Ingl├ęs is a market because in there you can buy goods for example: a T-shirt.
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MARKET OF GOODS AND SERVICES:


Is the place where the companies sell the ouputs. In the market the bidders are the companyes because try sell her products and the applicants are the family that buy this products.
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MARKET PRODUCTIVE FACTORS:


Is the place where can buy the imputs. In this market the bidders are the famylies because sell her manpower and the applicants are the companyes because try buy the inputs.
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MERCANTILISM:

School of thought that defended that the key of the wealth was the international trade (S.XV-XVIII). They intent get gold and silver for country is caracterist of Karl Marx.

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MORTGAGE LOAN:

They ask you what you need for buy one house, the bank give you the money for a house but if you don't pay the house the bank takes your house.

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OPPORTUNITY COST:

Valve that we deny for have got other goods.
For example: you have got 50$ for two week if you spend the 50$ in one jeans you can deny the opportunity of spend in other think.
This cost can be either money, time of in other goods.

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PERSONAL LOAN:

They ask you what you need for buy one think, the bank give you the money but look your nomine for look that you can return.

PHYSIOCRACY:

School of thought that defended that the key of the wealth was the agriculture. Exchange is well but arrive one moment in wich if don't have production don't have exchange.
Her main author is Quesnay

PORPUSE OF ECONOMY:

Resolve the need of humans, the needs are type material can be covered with goods and services

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POSITIVE ECONOMY :


Try analyze economic events with some theories, economym theorie into this theorie is the macroeconomics and microeconomics.

PRIMARY SECTOR:


The prymary sector performed the activities that relate with obtaining and food production. For example: agriculture, fishing and livestock. Too included the raw material exploitation.

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PRODUCTION ACTIVITIES :


Serve for get the goods and services that meet humans needs. Is same raw material. For example: for make the bread you use flour, oven and manpower. But have got products that can't amended for example fruits and vegetables.

PRODUCTION POSSIBILITY FRONTIER:

Arrive the maximum benefit to the goods and services that require.

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PUBLIC SECTOR:

Takes decision of production and consume in order to meet humans nedds. In here is given a legal framework. This sector consuming and produce both.

RESOURCES:

Anything that you use with the porpuse of have got one good.
For example: the wool is a resource because of factories use for do t-shirt and sweater. However this wool for the is a material finish but the people shop that buy this wool is a raw material for the people because he can reuse the wool in other think for example a t-shirt.





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REVENUE:

Any income you have or what you get in return for something.
For example: when you work, you receive a salary. This salary is you income.

SECONDARY SECTOR:


Is the economy sector that pick the activities for transformation of raw material in goods productives. For example: mining, construction, industries etc. Too is called industrial sector.

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SERVICES:

Are those is you can't touch and look for satisfy the rider. For example: Fireman

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SOCIAL PURPOSES:

Is a function social that has to do with humans. The economy have a social purposes for the society.

SOCIAL SCIENCES:

Try resolve the economy problem of society with a objectives study the needs of people.


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TERTIARY SECTOR:


This sector consist in the provide services to people or companies. Well this people can have free time. For example: teachers, medical, taxi, waiters, etc.
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