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It includes all related to production, distribution and consumption of products.
"Economy" is the science that studies it

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·Mass tourism: It consist on thousand people visiting the same place at the same time

·Package holiday: The costumer buys a simple product (the holiday) that includes flights, accommodation, usually food, and sometimes items like car hire and visits to atracttions.

·Cultural tourism: It consists on visiting historic towns and cities,  as well as museums, art galleries and theatres.

·Sustainable tourism: It aims to minimise its impact on the environment and local culture

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It consists of several different types or modes of transport, which are: rail, ship, road and air transports. Each mode of transport has advantages and disadvantages and is used for different things

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It's a process which consist on moving the factories to countries where land prices are lower and labour is cheaper

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Manufacturing requires raw materials an energy

·Mass production: Manufacture of identical productsusing parts made by machines, that are put together by workers in many small stages.

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It's extracting minerals, ore and fossil fuels from the ground.

Impact on the environment:
-Only a small part of the ore is actually copper. The rest is waste, which is left in massive heaps around the mine.
-Huge amounts of water are needed to turn the copper into pure copper.
-Chemicals are used to extract the copper, and they pollute the air and ground around the mine.

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In order to reduce pollution, we need clean, renewable sources of energy, such as hydroelectric, wind, solar, geothermal and biomass powers.
Only a small proportion of the enrgy we use is renewable, but it has been growing quite quickly.
First, this type of energy was very expensive, so the government gave subsidies to encourage people to use this energy. Now, the technology has improved and the energy is cheaper, so the government don't give subsidies anymore.

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It's planting, maintaining and managing forests

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TYPES OF FISHING:
·Coastal fishing: It's carried  out near the coast in small boats that are out only for a day. The fishers eat the fish themselves or sell it locally.
·Offshore fishing: Involves going further out in larger boats that are at sea for a few days or weeks. The fish is kept fresh in ice until it can be sold commercialy.
·Deep sea fishing: Involves going very large distances for months at a time, in very large ships (factory ships) in which fish is processed.

TERRITORIAL WATERS: They are a belt of coastal waters extending at most 12 nautical miles from the baselineof a coastal state.

AQUACULTURE: Farming fish, shellfish and aquatic plants like algae.

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·In poorer countries:
-Most are small
-Subsistence farms
-Commercial farms that  produce food to sell  locally
-Commercial farms that produce cash to export, for example, tea or spices.
-There are some plantations owned by big companies and nomadic farmers.

·In richer countries:
-Almost all farms are commercial.
-Agribusinesses: Big companies invest money in new technology and machines to make farms as efficient as possible

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-Primary sector: Extracting or harvesting natural resources from the Earth.
EX: Fishing
-Secondary sector: Manufacturing products that are ready to be used.
EX: Construction
-Tertiary sector: Providing a service.
EX: Health.

·PUBLIC AND PRIVATE SECTORS:
-Public sector: The part of the economy controlled by the government.
-Private sector: All the households and private businesses that take part in economy
·Types of businesses:
-Micro-businesses: 1-9 employees
-Small-businesses: 10-49 employees
-Medium-sized-businesses: 50-249 employees
-Large-businesses: More than 250 employees

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DIRECT TAXES.
-Income taxes:  The tax people pay on their wages.
-Wealth taxes: The tax people pay on the things they own, like their houses or savings.
-Company taxes: The tax businesses pay. The more money they make, the more they pay.
INDIRECT TAXES
-Value added tax (VAT): The tax on everything that we buy. It is at least 15%
-Special taxes: There are high taxes on products like tobacco, alcohol and fuel.

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-Capital: The things that you know and the things that you own.
-Financial capital: The money that you need to run a business.
-Physical capital: The physical things that you need to make products
-Human capital: The knowledges and skills of the employees.
-Technological capital: The invention
-Labour: The work that people do.
-Natural resources: The things that come from the natural environment

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-Producer: Someone who makes the product.
-Distributor: Someone who delivers the product from the producer to te consumer.
-Consumer: Someone who buys or uses the product