FACTORS OF PRODUCTION

Factors of production are the resources needed for creating 
 economic goods

PHASES OF THE ECONOMIC ACTIVITY: VIDEO

PHASES OF THE ECONOMIC ACTIVITY

PRODUCTS AND SERVICES

Products are goods obtained directly form nature or that have been turned into something.

 

 Services are activities carried out by humans to benefit society.

ECONOMIC ACTIVITY

Economic activity is what is carried out by humans in order to acquiere goods (producs and services) that satisfy consumer needs.

ASIA

Asia is the largest of the world's continents, covering approximately 30% of the Earth's land area.
It is also the world's most populous continent, with roughly 60% of the total population.
Asia makes up the eastern portion of the Eurasian supercontinent; Europe occupies the western portion. The border between the two continents is debated. However, most geographers define Asia's western border as an indirect line that follows the Ural Mountains, the Caucasus Mountains, the Caspian and the Black Seas. Asia is bordered by the Arctic, Pacific and Indian Oceans.