Download economic organization

RAJU
RANCHO
FARHAN
1)
2)
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6)
Property
Economic Exchange
Division of Labor
Economic Socialization
Prices
Principle of Supply and Demand
individual and
organization gives each
other valuable goods and
services in return for
different goods and
services.
 Too much outflows
of money in our
economy will result
to deflation.
 Producers
compete more
sharply on the
fewer pesos in
the hands of the
consumers
 Thus, a drop in
the price level
and a rise in the
value of pesos.
 Too much inflows of money into our
economy usually results to inflation.
 Inflation: a decline in the value of
money, with an upward movement
of the price level.
 When the amount of money in
circulation increases, people have
more money to spend.
 There will be an increase in
demand.
 Therefore, consumers compete
for available goods.
 They pay more pesos for the
goods they want and
consequently, an increase in price.
 Inflation then can be described as
too much pesos going after a
small number of goods.
1) Pre-industrial Society:
Hunting-gathering society
b) Pastoral societies
c)
Horticulturist
d) Agrarian societies
2) Industrial Society:
3) Post-industrial society:
4) Modern Economic System:
a) Socialism
b) Capitalism
a)
 What kind of economic system did
Ronald use in life to become
successful? What do you think is the
basis to success if one is to capitalize a
specific economic system available in
the market? Can someone be still
successful even if one has to use a
primitive form of economic system?
How and why?
 Societies that
rely for food
primarily on the
hunting of
animals and the
gathering food
that grows in
the natural
environment
society whose
primary source of
subsistence
comes from
their herds.
SWEDEN: SOCIALIST
NORWAY: SOCIALIST
EVERY CHILD UNDER 17 RECEIVES
ANNUAL STIPEND OF MORE THAN
$1,600
RETIREMENT PAY FOR HOMEMAKERS
MATERNITY BENEFITS: 42 WEEKS OF
FULLY PAID MATERNITY LEAVE
GOV’T DOLES OUT $100 MONTHLY
ALLOWANCES FOR EACH CHILD
PROVIDES DAY CARE CENTERS
FREE EDUCATION FROM NURSERY
THROUGH COLLEGE
FREE MEDICAL CARE
GENEROUS UNEMPLOPYMENT
AND RETIREMENT BENEFITS
POST-DELIVERY BENEFITS FOR MOTHERS: 1
YEAR OFF WHILE RECEIVING 80% OF THEIR
PAY
no private enterprises
because all means of
production are owned and
are regulated by the
government.
SERVICES: INTANGIBLE
(NON-CONSUMABLE)
GOODS: TANGIBLE
(CONSUMABLE)
CONSUMER GOODS
Ready for consumption
CAPITAL GOODS
Used in the furtherance of
production
 ESSENTIAL GOODS
 GOODS THAT ONE CAN’T LIVE
WITHOUT (NECESSARY)
 LUXURY GOODS
 MAN CAN LIVE WITHOUT
THESE (NOT NECESSARY)
 GIVES COMFORT AND
PLEASURE
ECONOMIC GOODS
HAVE VALUES & PRICE
ATTACHED TO IT
FREE GOODS
NEED NO PAYMENT