This document provides an overview of the economic concept of supply. It defines supply as the quantity of a product that producers are willing and able to sell at various prices within a given time period. The document explains the law of supply, which states that higher prices lead to higher supply and lower prices lead to lower supply. It also introduces supply schedules, supply curves, and supply functions as ways to represent the relationship between price and quantity supplied. Key terms discussed include supply curve slope, quantity supplied, price, and the supply function formula of quantity supplied equals a negative x-intercept plus the slope times price.
The document discusses the key concepts of production including inputs, process, and outputs. It explains that production is the creation of goods and services to meet human wants and needs. The main factors of production are land, labor, capital, and entrepreneurship. Inputs go through a process to become outputs. Production can be labor intensive or capital intensive depending on which factors are used more heavily.
This document provides an overview of the economic concept of supply. It defines supply as the quantity of a product that producers are willing and able to sell at various prices within a given time period. The document explains the law of supply, which states that higher prices lead to higher supply and lower prices lead to lower supply. It also introduces supply schedules, supply curves, and supply functions as ways to represent the relationship between price and quantity supplied. Key terms discussed include supply curve slope, quantity supplied, price, and the supply function formula of quantity supplied equals a negative x-intercept plus the slope times price.
The document discusses the key concepts of production including inputs, process, and outputs. It explains that production is the creation of goods and services to meet human wants and needs. The main factors of production are land, labor, capital, and entrepreneurship. Inputs go through a process to become outputs. Production can be labor intensive or capital intensive depending on which factors are used more heavily.
This document discusses macroeconomics topics such as inflation, consumer price index, and purchasing power. It provides data on the prices of 10 key consumer goods that make up the market basket from 2006, 2015, and 2016. It then calculates the consumer price index and inflation rate based on comparing the 2015 and 2016 baskets. Finally, it discusses how the purchasing power of the peso can be measured based on the consumer price index.
This document discusses macroeconomics topics such as inflation, consumer price index, and purchasing power. It provides data on the prices of 10 key consumer goods that make up the market basket from 2006, 2015, and 2016. It then calculates the consumer price index and inflation rate based on comparing the 2015 and 2016 baskets. Finally, it discusses how the purchasing power of the peso can be measured based on the consumer price index.
5. Tumutukoy sa mga mekanismong
ginagamit upang maisagawa ang
alokasyon.
Ito rin ang kombinasyon ng mga
estruktura at institusyon para isagawa
ang mga solusyon sa suliraning pang-
ekonomiya ng bansa.
6. Ito rin ang nagtatakda ng batas at
tuntunin ng produksiyon.
Ito rin ang tumitiyak kung ano ang
mga karapatan ng nagmamay-ari
ng mga salik ng produksiyon.