The quinary sector is the part of the economy where decisions are made at the highest level. This includes the government that passes legislation. It also comprises the main decision makers in industry, commerce and also in the education sector. It is also one of the subdivisions of the tertiary sector, but involving professionals with
The frictional unemployment is short – term unemployment caused by the actual process of leaving a job to start another, including the time needed to find a new job. Frictional unemployment is always present in the economy , as a result of temporary transitions made by workers and employers, or because of inconsistent or incomplete
The concept of productive forces encompasses all those forces that are applied by people in the production process (body and brain, tools and techniques, materials, resources, equipment, and cooperation between workers), including technically essential engineering and management functions. for production. Human knowledge can also be a productive force. The notion of productive forces encompasses a
Economic values are concepts applied to goods and services to determine their price and the valuation that individuals make of it. For example, the economic values of a car would be the price for which it can be purchased and the social status that its purchase can entail. These concepts are useful for evaluating an
The balance amount is an economic term representing the quantity of an item that demand at the point of economic equilibrium. It is the point where the supply and demand curves intersect. It is the amount that is exchanged when a market is in equilibrium. The equilibrium quantity is simultaneously equal to the quantity demanded
The economy studies the manufacture, commercialization, the consumption of goods and services and the behavior of individuals with the economic resources of a particular country, state, city or region. Some of the fields of study of economics are work, markets, value, among others. In this way, economics analyzes the way in which individuals, companies, governments
The bank deposit is the placement of funds in a bank or other financial institutions for safekeeping. These consignments are made by depositing into accounts such as savings accounts, checking accounts, and money market accounts. From an accounting and legal point of view, the banking industry uses the name “consignment” in financial statements to describe
The non – tariff barriers refer to the restrictions resulting from prohibitions, conditions or specific requirements of the market, making it difficult and / or costly make the import or export of products. They are a way of restricting trade using mechanisms other than the simple imposition of tariffs or taxes. These barriers can take
The main economic blocs in America are the Southern Common Market (MERCOSUR), the Andean Community of Nations (CAN), the Central American Integration System (SICA) and the North American Free Trade Agreement (NAFTA). The last half of the last century left several integration systems throughout the Americas that sought to strengthen ties between the countries of
