GLOSSARY UNIT 6

Economic activity=  Is the movement of money in the market.

Economic agent= A person involved in economy.

Goods= Products for consuming, such us foods.

 

Services= Economic activities that are tangible.

Production= An activitie that provides godos  and servicies for consumption

Distribution= The work of deliver the goods.

Marketing= The act of promoting a product.

Consumption= The act of buy a good.

Supply= Availability of something for use or sale.

Demand= The desire to own something in the market and the willigness to pay for it.

Inflation= A rice in the general prices.

Profit= The monnetary gain of a business after all expenses have been met.

Tax= A monetary contribution to the government.

Raw material= A product before make it for consumption.

Telecommuting= The advertising-.

Employer= A person that Works in a business.

Employee= A work.

Self-employed= A person that makes his own business.

Active population= People that can work. 16-67 years old.

Inactive population= People that cannot work because of a illness or don`t have the age to work.

Disabled= A person that have a illness and cannot work.

Retired= People that don`t because they are older tan 67.

Full-time contracts= Work with 8 hours a day working.

Part-time contracts= A work with 4 hours a day working.