economy

is the study of the production,consumption,distribution of goods and services and the transfert of wealth to produce and obtain those goods.

economics explains how people interact in the markets to get what they want it relates human interaction and goverment forces.

include 2 types: macroeconomics and microeconomics

a study of economics can discribe how a contry uses its resources and the outcome of investing in industry 

ECONOMIC SECTORS

primary: includes fishing, mining, extracting (quarrying) forestry, agriculture, cattle

secondary: is encarge of the production of goods and services 

terciary: relates to services, you can find hospitals, restaurants, publics srvices, schoiols

quaternary: is related to investigation and tecnology for the use of resources