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    Val Ed 9 Lesson 2 Part 2

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    Geraldine Carisma Austria
    This document discusses the roles and responsibilities of different sectors in an economic society. It explains that an economic society aims for fair distribution of basic needs to all members. The government provides support to businesses and protects workers' rights. Economic institutions determine earnings and exchange of goods/services. Workers are needed for production and distribution. Consumers are advised to buy locally to support the local economy.

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    Val Ed 9 Lesson 2 Part 2

    Uploaded by

    Geraldine Carisma Austria
    29 views9 pages
    This document discusses the roles and responsibilities of different sectors in an economic society. It explains that an economic society aims for fair distribution of basic needs to all members. The government provides support to businesses and protects workers' rights. Economic institutions determine earnings and exchange of goods/services. Workers are needed for production and distribution. Consumers are advised to buy locally to support the local economy.

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    Val Ed 9 Lesson 2 part 2

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    This document discusses the roles and responsibilities of different sectors in an economic society. It explains that an economic society aims for fair distribution of basic needs to all members. The government provides support to businesses and protects workers' rights. Economic institutions determine earnings and exchange of goods/services. Workers are needed for production and distribution. Consumers are advised to buy locally to support the local economy.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    29 views9 pages

    Val Ed 9 Lesson 2 Part 2

    Uploaded by

    Geraldine Carisma Austria
    This document discusses the roles and responsibilities of different sectors in an economic society. It explains that an economic society aims for fair distribution of basic needs to all members. The government provides support to businesses and protects workers' rights. Economic institutions determine earnings and exchange of goods/services. Workers are needed for production and distribution. Consumers are advised to buy locally to support the local economy.

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    You are on page 1of 9

    VA L U E S E D U C A T I O N 9

    MS. GHE
    ECONOMIC SOCIETY
    • As a human being, we have to meet our needs such as spiritual and
    material needs for us to live.

    • As a people in a society, we have to contribute in the so called


    Economic Process which involves production, distribution and
    consumption of goods and services.

    • Economy refers to the provisions set by a society to sustain the


    economic process.
    ECONOMIC SOCIETY

    • Economics is a discipline that studies the decisions and efforts


    made to satisfy our material needs.

    • Economic Development refers to the collaborative effort of people


    and society for better standards of living and economic status in the
    country.
    ECONOMIC SOCIETY
    • Economic Dimension refers to the distribution of wealth to the
    members of the society. This also refers to the status of one person
    in the society as rich or poor, satisfied or deprived in terms of
    meeting the basic needs.

    • In Economic Society we look for fair and equal distribution of basic


    needs to all the member of the society.
    ECONOMIC JUSTICE

    • This refers to the duty of the state to provide equal opportunity to its
    people. Opportunity to have a quality education, decent work,
    secured community, fare share of the country’s material progress and
    to enjoy the life with a sustainable development.

    • There is an economic injustice in the society if poverty and unequal


    distribution of wealth arises. If there is a big gap between the
    income of rich and poor.
    ROLES OF DIFFERENT SECTOR
    IN THE SOCIETY
    • The Government. Our government must provide support to economic
    institution or business establishments by providing information from which
    managers and leaders may use in production levels, sales, and costs. It may also
    provide loans for their capital and make sure the economy is running smoothly
    to:
    – Protect worker’s rights, health and safety;
    – Ensures that employers do not discriminate workers or job
    applicants;
    – Prevent pollution of the environment; and
    – Protect consumers from dishonest practices and harmful products.
    ROLES OF DIFFERENT SECTOR
    IN THE SOCIETY
    • Economic Institutions. This determines the earnings of a person for
    a living which involves the terms of contracts with the institution
    and the exchange of goods and services. This also help the employer
    and its employees to do what is beneficial to the both of them.
    Providing policies in terms of the number of hours to work, benefits
    for employees such as housing benefits, scholarship for the
    employee’s children, short-term loans and a likes to help the
    employees lessen the burden of financial circumstances.
    ROLES OF DIFFERENT SECTOR
    IN THE SOCIETY
    • WORKERS. The most important factor in the cycle of production. The workforce is needed for the
    manufacturing and distribution of goods and services.
    The Circular Flow

    Goods and Services

    Expenditures
    INDIVIDUALS BUSINESSES

    Income

    Labor
    ROLES OF DIFFERENT SECTOR
    IN THE SOCIETY
    • Consumers. People in a society are advise to buy their own locally
    product made. So that the profit will circulate with in the
    community or country only. The slogan “Buy Filipino” is published
    and aims to support local brands rather than imported brands.
    Another thing to consider is the effect of consumerism where in
    young consumers in the society may fall into becoming
    materialistic. Character is base on the behavior of a person, not in
    the material possessions.

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