Economics Institution

✓ give the meaning of the concepts of reciprocity, transfer payment, redistribution, market, market transactions
 Reciprocity

Transfer Payment

Redistribution
CONTENTS
Market transaction

Market and states

Philippines Economy and its impact

Overall
- Societies exist becauseof thier
economy
"Hess(1992)" the economy system of
society consists of norms and patterned
activities regulating reciprocity,
transfer,and redistribution of goods ,
market transactions and market.
01
Reciprocity
RECIPROCITY

• In social psychology,
reciprocity is a social rule that
say we should repay, in
kind,what another person has
provided us. That is, people
give back tha kind of treatment
they have received from
RECIPROCITY

• Non- monetary
a. Generalized- 1 person
helped you and you helped
him
b. Enhance- 1-1
c. Negative- one person takes
advantage to the other
RECIPROCITY

• Social Psychology
a. is a social rulethat says we should
repay in kind, what another
person has provided from others.
b. by virtue of the rule of
reciprocity, we are obligated to
repay favors, gifts, invitations,
etc.
RECIPROCITY

• Free riders
a. individuals who benefited from the
group's resources without contributing
any skills, help, or resources of their
own.
• Altruism
a. differs from reciprocity; is the act of
social gift-giving without hope or
expectation of future responses.Social
02
Transfer Payment
TRANSFER PAYMENT

• In economics, a transfer
payment (or government
transfer or simply transfer)
is a redistribution of
income in the market
system.
03
Redistributed
REDISTRIBUTION

• In cultural anthropology and

sociology, redistribution refers to a
system of economic exchange
involving the centralized collection
of goods from member of a group
followed by the redivision of those
goods among those members
REDISTRIBUTION

• non-monetary
a. get it and give it back the other way.
• (cultural anthropology and sociology)
redistribution refers to a system of
economic exchange involving the
centralized collection of goods from
members of a group followed by the
redivision of those goods among those

members.
04
Market Transaction
MARKET TRANSACTION

• This is simply an order

placed by an insider to buy
or sell shares according to
the rules and regulations set
out by the Securities
Exchange Commission (SEC).
05
Market And State
 MARKET TRANSACTION

•Reasonable people can

disagree about the role of
state in economic affairs,
especially in times of crisis,
and what types of services
governments should provide
06
Philippine Economy
and Its impact
 PHILIPPINE ECONOMY and IT'S IMPACT

• The Philippines is considered a

newly industrialized country,
which has an economy
transitioning from one based on
agriculture to one based more
on services and manufacturing.
 PHILIPPINE ECONOMY and IT'S IMPACT

• The Philippine economy has

experienced significant growth over
the years, making it one of the
fastest-growing economies in
Southeast Asia. This growth has had
several positive impacts on the
country.
 PHILIPPINE ECONOMY and IT'S IMPACT

 Job Creation
 Increased Foreign Direct
Investment
 Remittances
 Infrastructure development
 Consumer Spending
THANK YOU
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