Material de trabajo (Inglés Profesional II)

Hoja de Práctica
TEMA: IMPACT OF THE ECONOMY IN THE SOCIETY NOWADAYS

Sección : ………………………..………………... Apellidos: ………………………..……………….

Docente : Miriam Quispe Chuquillanqui Nombres : ………………………………………….

Unidad : III Fecha : .…../……/………

Instrucciones: Reconoce vocabulario relacionado al tema.

I. Propósito: Identificar vocabulario relacionado a la economía.

II. Actividad o tareas a desarrollar:

IMPACT OF THE ECONOMY IN THE SOCIETY NOWADAYS

Watch these videos about the impact of the economy in the society
nowadays.
https://www.youtube.com/watch?v=wUUWoN4LKuE

https://www.youtube.com/watch?v=f9v6givfTEA

1. How does the economy affect society?

For the general public, the main impact is the cost of living. The economy has a direct impact on
our spending ability. An economic recession generally leads to an increased cost of living. ... The
countries currency is also generally affected during a recession, which contributes to inflation of
prices.

2. How can economic and social changes affect a country?

In economics, economic growth refers to a long-term expansion in the productive potential of the
economy to satisfy the wants of individuals in the society. Sustained economic growth of a
country' has a positive impact on the national income and level of employment, which further
results in higher living standards.

3. Why is the economy so important to society?

Economy is the thing that allows us to survive and thrive. ... A system where no money is involved
and trade is done as direct exchange of goods is an economy too. Having enough is extremely
important for stability, low crime levels and cultural, scientific and technological progress.

4. What are the negative effects of economic growth?

 Material de trabajo (Inglés Profesional II)

Environmental concerns:

Fast growth can create negative externalities e.g. noise pollution and lower air quality arising from
air pollution and road congestion.

5. What are the 3 causes of social change?

There are numerous and varied causes of social change. Four common causes, as recognized by
social scientists, are technology, social institutions, population, and the environment. All four of
these areas can impact when and how society changes.

6. What factors affect the economy?

Six Factors Of Economic Growth

Natural Resources. The discovery of more natural resources like oil, or mineral deposits may boost
economic growth as this shifts or increases the country's Production Possibility Curve. ...

Physical Capital or Infrastructure.

Population or Labor.

Human Capital.

Technology.

Law.

7. Why do we need economy?

Behind this definition are two key ideas in economics: that goods are scarce and that society must
use its resources efficiently. Indeed, economics is an important subject because of the fact of
scarcity and the desire for efficiency. ... Higher incomes mean good food, warm houses, and hot
water.

8. What are the advantages and disadvantages of economic growth?

Next, the major disadvantage of economic growth is the inflation effect. Economic growth will
cause aggregate demand to increase. If aggregate demand increases faster than the increases in
aggregate supply, then there will be an excess demand but a shortage in supply in the economy.