THE DIFFERENT SECTORS OF THE ECONOMY Flashcards
consumer (potrošač)
a person who buys goods and services; a person whose needs are satisfied by
producers
customer (kupac)
a person or an organization that buy a product or service from a shop or a producer
commodity (roba)
any goods that can be bought
industry
the production of goods or services by the organized use of capital and labour
goods (prozvodi, roba)
physical objects that can be bought for a price
services (usluge)
non-physical, intangible products (education, medical care, tourism, entertainment,
etc.)
capital goods (kapitalna dobra)
goods that are sold to other producers and these can help either make other
goods (e.g. machinery, equipment) or they can help provide a service to a manufacturer (e.g. a
delivery van)
consumer goods (potrošačka dobra)
goods that are sold to the final consumer
consumable goods (potrošna dobra)
goods that are used up when consumed (e.g. bread)
consumer durables (trajna potrošna roba)
goods that last longer and their use does not lead to the disappearance
of the product (e.g. a TV set, a cell phone, etc.)
commercial services
services for businesses, which help these businesses in the production
process or in the distribution of their goods
direct services
services that are provided to consumers (e.g. hairdressing, restaurant meals,
and healthcare)
GPN (Bruto nacionalni proizvod)
the total value of goods and services produced in a country in a year, including income from
abroad
product
anything capable of satisfying a want or a need; something made, manufactured or
produced by a mechanical, industrial or natural process
infrastructure
the basic systems and structures that a country needs to make economic
activity possible, such as roads, railways, telecommunications, etc.
GDP (BDP-bruto domaći proizvod)
the total value of goods and services produced in a country in a year
