The demands for goods and services, what the people want.
What to produce?
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economy as a whole
macroeconomics
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It pertains to the amount of physical, mental, and social effort used to produce goods and services.
Labor
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It pertains to the amount of physical, mental, and social effort used to produce goods and services.
Entrepreneurship
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small factor in the economy ( household , individual, businesses)
microeconomics
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What do you call the portion of the labor force who are willing to engage in productive activities yet fails to do so?
Unemployment
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It deals with the study of production, consumption, distribution, and exchange of goods and services for the satisfaction of human needs and wants.
Economics
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5
What economic problem is being described by lack of basic infrastructure such as paths, trails, bridges, and roads and access to transport services?
Poor quality of infrastructure
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monster
Reset all scores!
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fairy
Take points!
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10
15
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25
rocket
Go to first place!
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lifesaver
Give 25 points!
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thief
Give points!
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shark
Other team loses 25 points!
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shark
Other team loses 15 points!
Okay!
thief
Give points!
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25
5
The condition where the population is only able to meet its basic subsistence needs?
Poverty
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5
LETTER A OR B. What does it mean when the exchange rate shows $1 = Php43? A. To get 1 Philippine Peso, 43 US dollars need to be exchanged B. To get 1 US dollar, 43 Philippine Peso need to be exchanged
B.
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5
Filipinos started working abroad in the early 1900s. What was their first occupation when they were first recruited?
Agricultural worker
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5
What do you call the price where buyers and sellers met?