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RAJU

What would be the implication when the relationship between price and quantity in the market is inversely proportional? Is there a chance that the parents of Raju can possibly appreciate this relationship? How? Justify your answers. (minimum of 5 sentences)

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RAJU

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  1. What would be the implication when the relationship between price and quantity in the market is inversely proportional? Is there a chance that the parents of Rajucan possibly appreciate this relationship? How? Justify your answers. (minimum of 5 sentences) • Farhan got his dream job as an international wild life photographer. He wanted to save all his income in a bank. Will this contribute to the inflow of the economy? Explain. (minimum of 5 sentences) • WhenRaju was hired, he wanted to completely spend all his income from his work. Will this contribute to the circular flow of the economy? Explain. (minimum of 5 sentences) • When taxes are spend on government projects, will this help balance the circular flow of the economy? Explain. (minimum of 5 sentences) • If you will be Rancho, how will you teach Rajuto resolve his economic situation of his family using the illustration indicated in the circular flow of economic activities. (minimum of 5 sentences) • Where is inflation and deflation in this illustration. Explain. (minimum of 5 sentences)

  2. RANCHO FARHAN RAJU

  3. ASPECTS OF ECONOMIC SYSTEM • Property • Economic Exchange • Division of Labor • Economic Socialization • Prices • Principle of Supply and Demand

  4. PROPERTY

  5. ECONOMIC EXCHANGE • individual and organization gives each other valuable goods and services in return for different goods and services.

  6. DIVISION OF LABOR

  7. ECONOMIC SOCIALIZATION

  8. PRICES

  9. DEMAND CURVE

  10. THE LAW OF SUPPLY

  11. THE SUPPLY SCHEDULE

  12. SUPPLY CURVE

  13. 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.

  14. DIFFERENT ECONOMIC SYSTEMS • Pre-industrial Society: • Hunting-gathering society • Pastoral societies • Horticulturist • Agrarian societies • Industrial Society: • Post-industrial society: • Modern Economic System: • Socialism • Capitalism

  15. HUNTING-GATHERING SOCIETY • Societies that rely for food primarily on the hunting of animals and the gathering food that grows in the natural environment

  16. PASTORAL SOCIETIES • society whose primary source of subsistence comes from their herds.

  17. HORTICULTURIST

  18. AGRARIAN SOCIETIES

  19. INDUSTRIAL SOCIETY

  20. POST-INDUSTRIAL SOCIETY

  21. MODERN ECONOMIC SYSTEM - SOCIALISM • no private enterprises because all means of production are owned and are regulated by the government.

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