Production, distribution and consumption

Welcome to a Professor, today we are going to talk about which are the economic activities par excellence: production, distribution and consumption.

We humans have needs, some of these needs have little consistency in the market since they are not very abundant. Thus, they are the object of the sale through the market.

However, other elements such as oxygen, which we also need to survive, are not part of the economic element. On the other hand, food, drink, housing, and other necessities, if they are part of the set of elements of economic production, distribution and consumption.

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