The economy is a system in which businesses provide ________ and ________ which people buy and use to satisfy their needs.
goods / services
What are the three economic agents in the economic system?
The three economic agents in the economic system are households, businesses and the state.
What does the state collect from businesses and households?
The state collects taxes.
How is it called the work that people do in the production of goods and services?
It is called labour.
How is it called the income that people earn when they work?
It is called wages or salary.
What is an entrepeneur?
An entrepeneur is a person who thinks of an idea for a business.
Which are the three types of capital we know?
The three types of capital we know are capital goods, financial capital and technological capital.
What economic sector does a job in which someone sells a product or a service belong to?
It belongs to the tertiary sector.
