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An overview of the production process and the different sectors involved, including primary (agriculture, mining), secondary (manufacturing), tertiary (services), and quaternary (intellectual activities). Learn about the interdependence of sectors, the role of needs and wants, and the factors of production. Additionally, explore trade and commerce, e-commerce, and the distribution chain.
Tipologia: Sintesi del corso
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The process of production Is divided in different sectors and there are mainly 3 but there is the 4 one that is a little bit modern
Our life and the economy system are founded on needs and wants. NEEDS— are essential for our life’s and they are for example clean water, food, clean clothes, shelter and protection from heat and cold, and also protection from disease. WANTS— which are not-necessary for our life but they can make our lifestyle better for example car or brand-new clothes which are not essential for our life but our life will get better if we will have those things. There are some things that in the past they were thought as wants but now they are seen as needs, like a car, a smartphone, some electronic gadgets. FACTORS OF PRODUCTION They are 4
e- commerce It’s business over the internet so the act of selling, distributing or purchasing the products online. I think It’s the most popular commerce nowadays. E-commerce began in the early 1990s when the Internet became available for commercial use. Today e-commerce is booming. in e-commerce you can find any product from a to z. E-commerce has opened up new markets for sellers, large and small, including those in developing countries. Electronic commerce is not limited to the sale of goods but also extends to the services and financial sectors, for example hotels, airlines, telephone companies, insurance companies. ADVANTAGES:
B2B- (business to business)— is an online business model that facilitates online sales transactions between two businesses Leroy merlin , cash and carry C2C— (consumer to consumer) allows consumers to purchase goods or services from other consumers using platforms such as eBay, Vinted , Amazon C2B—( consumer to business)- In the C2B individuals offer goods and services to companies in exchange for pay Money to business which use them to produce more to pay the workers and tome profits B2C —(business to consumer)—It’s when a business sells goods to a general public AMAZON – they sell their goods directly to the final consumer It’s the cheapest form of e commerce
THE DISTRIBUTION CHAIN Final goods and services are moved in 2 ways from the companies to the costumers. It can be moved directly for example when company sales directly their products to the costumers. INDIRACTLY, when the company for example sales through intermediaries such as wholesalers, Agents, brokers, retailers. In the past, the indirect distribution channel was the most widespread. Due to the lack of storage space which limited quantities, retailers were heavily dependent on wholesalers for the holding and distribution of goods. Today, traditional wholesalers are disappearing as many retail stores are part of a multiple chain or buy goods directly from the manufacturer at a lower price. these are now in sharp decline due to supermarkets, department stores and hypermarkets, which sell a wide variety of products at more competitive prices. The rise of e-commerce, factory outlets and farmers' markets *, where producers sell their products directly to consumers, also means that direct distribution is becoming more widespread. GREEN ECONOMY The United Nations Program has defined the green economy "as one that results in an improvement in human well-being and social equity, while significantly reducing environmental risks and ecological scarcities". which means that a reduction in carbon emissions and pollution, an efficient use of energy and resources and the prevention of biodiversity loss must accompany economic growth. Fair Trade Not all trade is fair. The goal of fair trade is to negotiate a decent price for goods that will cover production and ensure a viable income, as well as establish long-term contracts that offer security. Another important aspect of fair trade is providing the necessary support and education so that producers and workers have the skills to develop their business and protect their environment for the future. The fair-trade movement also strives to change the regulations of conventional international trade and works to raise consumer awareness of trade issues in developing countries. In recent years, consumers have become more aware of the treatment of small farmers and producers in less developed countries and the demand for fair trade products has increased. JOB APPLICATIONS There are many different ways to find out about job opportunities PRESS / INTERNET Recruitment announcements can be published in the press, such as local, national and international newspapers, and on theirs