Inglés Profesional II

Inglés Profesional II

Factors of the
economy

Docente: Márquez Espíritu

Rosario

INGLES
PROFESIONAL
II
Horario: Wednesday, 7:30 am – 9:00 am 1|Página

Ing. Civil
 Inglés Profesional II

Inglés Profesional II

Producto Académico N° 10: Foro de discusión

1. What are the Factors of economy?

The economic factors are that they drive economic growth as this changes or
increases the country's production possibilities curve.

Factors of the economy are the elements or resources required by the

productive economic chain, which maintains the operation by adapting the social
and economic circuit of a place.

2. Could you make a list of the factors of economy?

The most important factors in the economy are:

Natural resources, work, capital and technology.

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 Inglés Profesional II

Inglés Profesional II

1. Capital: Refers to all those goods or manufactured items in which an

investment has been made and that contribute to production, for example
machines, equipment, factories, warehouses, tools, transportation, etc.

2. Work: Refers to all the human, physical and mental capacities that workers
possess and that are necessary for the production of goods and services.

3. natural resources: This factor of production does not only refer to the
land itself (the area used to carry out activities that generate production,
livestock farming, planting crops, construction of office buildings, etc.)

4. Technology: Technological advance supports a great weight of the

economy. Such is the weight that a failure in the system could trigger large
contractions in world GDP.

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