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  • Microeconomics Module 2 Activity

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    Rezia Rose Pagdilao
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    This document contains activities from a Microeconomics module focusing on economic systems for students at Apayao State College in the Philippines. The activities include filling a table to summarize the characteristics of four types of economic systems (command, tradition, market, and mixed), listing examples of why the Philippines has a mixed economy, identifying sources of different types of income, and making a process map illustrating the circular flow of rice production and distribution in the market.

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    This document contains activities from a Microeconomics module focusing on economic systems for students at Apayao State College in the Philippines. The activities include filling a table to summarize the characteristics of four types of economic systems (command, tradition, market, and mixed), listing examples of why the Philippines has a mixed economy, identifying sources of different types of income, and making a process map illustrating the circular flow of rice production and distribution in the market.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    641 views5 pages

    Microeconomics Module 2 Activity

    Uploaded by

    Rezia Rose Pagdilao
    This document contains activities from a Microeconomics module focusing on economic systems for students at Apayao State College in the Philippines. The activities include filling a table to summarize the characteristics of four types of economic systems (command, tradition, market, and mixed), listing examples of why the Philippines has a mixed economy, identifying sources of different types of income, and making a process map illustrating the circular flow of rice production and distribution in the market.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 5

    Republic of the Philippines

    APAYAO STATE COLLEGE


    Luna, Apayao, Philippines 3818

    Module 2 Economic Systems

    SSE 104

    MICROECONOMICS

    Activities

    Name:____________________________________________
    Program & Section: __________________________________
    Instructor: CESAR F. DE GUZMAN, JR.
    MICROECONOMICS 2|Page
    Republic of the Philippines
    APAYAO STATE COLLEGE
    Luna, Apayao, Philippines 3818

    Activity 2-1
    Fill up the table to summarize the characteristics of the four types of economic system.

    Types of Economic System


    Features Command Tradition Market Mixed
    Economy Economy Economy Economy
    Ownership of the
    factors of
    production

    Decision making
    process

    Decision maker

    MICROECONOMICS 3|Page
    Republic of the Philippines
    APAYAO STATE COLLEGE
    Luna, Apayao, Philippines 3818

    Activity 2-2
    Having your knowledge in economic systems, site some examples why
    does the Philippines is considered a mixed type economy? List them
    down on the answer sheet below:

    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________
    ______________________________________________________________________

    MICROECONOMICS 4|Page
    Republic of the Philippines
    APAYAO STATE COLLEGE
    Luna, Apayao, Philippines 3818

    Activity 2-3
    Identification. Identify the earners of the following income:

    ------------ 1. Rent

    ------------ 2. Profit

    ------------ 3. Taxes

    ------------ 4. Wages

    ------------ 5. Salaries

    ------------ 6. Stipend

    ------------ 7. Commission

    ------------ 8. Interest

    ------------ 9. Tips

    ------------ 10. Bonus

    MICROECONOMICS 5|Page
    Republic of the Philippines
    APAYAO STATE COLLEGE
    Luna, Apayao, Philippines 3818

    Activity 2-4
    Make a process map on the circulation of rice using the circular flow
    model. Illustrate where rice are being produced and how they are
    being distributed in the market.

    MICROECONOMICS 6|Page

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