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Finance Post Banking Currency. Structure. The sectors of economy The development of money Banks Post services Insurance. The sectors of economy. Primary sector changing process of raw materials for other industries f orestry , agriculture , fishing , mining Secondary sector
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Structure • Thesectorsofeconomy • Thedevelopmentof money • Banks • Post services • Insurance
Thesectorsofeconomy • Primary sector • changing process of raw materials for other industries • forestry, agriculture, fishing, mining • Secondarysector • branchesthatconvert the raw materials into goods and products • lightindustry: textile, pharmacy, food, tobacco, • heavyindustry: metallurgy, refinery, engineering, aerospace and automobile manufacturing
Tertiary sector • one of the most important sectors in developed countries – intention to make profit • services: restaurants, media, entertainment, healthcare, transport, education • Quaternary sector • sector of intellectual services • scientific research, information technology, Hi-Tech industry • Quinary sector • industrieswithoutintention to make profit • health, education,culture, research, police, fireservice
Economic terminology • GDP = gross domestic product • market value of all goods and services produced by firms in the Czech Republicin a given period of time • GNP = gross national product • market value of all goods and services produced by firms whose owners are Czech in a given period of time • NNP = Net National Product • the GNP minus the loss of value
VAT = value added tax • a type ofsale tax paid while buying goods or services • todayitis 17 % and 21 % • National budget • financial plan for a period of time • include incomes and outcomes • Inflation • rising of pricesmeasuredagainst a standard levelofpurchasingpower
Debbit account • an account where you have only money you really saved • Credit account • allows you to buy items without cash • you have to paythe money you lent back monthly with interests
The development of money • exchange of goods • using of rare metals - gold, silver • using of coins • using of notes - first used in the 18th century in France • nowadays: coins, banknotes, debbitcards,bank transactions, money transfers
Banks • Centralbanks – government - owned • accept deposits and give loans to commercial banks • manage national debts, controlissuing bank notes • dealwiththegovernmentfinancialoperationsetc. • Commercialbanks - dealwithindividualsandsmall • businesses • normalbanks – providefinancialservices, • takedepositsandgiveloans • Investment Banks • relate to the activities on the financial markets
Post services • post boxes • sendingofitems (postcards,letters, parcels) postal orders, air mail, saving bank services • every area has its own postal code (zip code)
Insurance • protect people against losing moneybecauseof a possibleaccident – healthinsurance, lifeinsurance, disabilityinsurance • life, property, health, travel, automobile insurance