As a Senior High School student, your role in the economy falls under the households category. This means that your engagement in the economic affairs of the country can be seen in your involvement or engagement in the consumption and exchange of goods and services.
So, how engaged are you on the economic affairs of the country?
To answer this question, go back to your engagement in the consumption and exchange of goods and services. Ask yourself:
- What goods/services do I or my family purchase and consume?
- What goods/services do I sell or exchange for other goods and services?
- What goods/services did I create to offer an exchange?
Your answers to the above questions will tell how engaged you are on the economic affairs of the country.
Well, you may say either of the following:
1. I make customized mask lanyards and sell them online. This is an act of entrepreneurship. Through this, I am able to increase the supply of mask lanyards in the market which will cater to the demands of the public.
2. My family owns a sari-sari store and we sell basic goods. This is also an act of entrepreneurship. Since our sari-sari store has a business permit, we contribute to the taxes earned by the government which will help the economy rise. WE are also able to supply goods to our neighbors that will satisfy their demands.
3. We are twelve in the family. Because of this, a half sack of rice will only last for a week. With this, we buy at least 3 to 4 sacks of rice for our monthly consumption. Our act of purchasing rice is already part of our engagement in the economic affairs since businesses earn profits from us. Profits earned from us will be capitalized by businesses to produce more goods and services for sale. This increases the supply of goods. It will also follow that the government earns taxes from these activities.
In conclusion, as a Senior High School student, just think about how you have contributed to the country's economy as this will serve as your economic engagement.
For more information about the meaning and importance of the economy, visit these links:
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Answer:
As a Senior High School student, your role in the economy falls under the households category. This means that your engagement in the economic affairs of the country can be seen in your involvement or engagement in the consumption and exchange of goods and services.
So, how engaged are you on the economic affairs of the country?
To answer this question, go back to your engagement in the consumption and exchange of goods and services. Ask yourself:
- What goods/services do I or my family purchase and consume?
- What goods/services do I sell or exchange for other goods and services?
- What goods/services did I create to offer an exchange?
Your answers to the above questions will tell how engaged you are on the economic affairs of the country.
Well, you may say either of the following:
1. I make customized mask lanyards and sell them online. This is an act of entrepreneurship. Through this, I am able to increase the supply of mask lanyards in the market which will cater to the demands of the public.
2. My family owns a sari-sari store and we sell basic goods. This is also an act of entrepreneurship. Since our sari-sari store has a business permit, we contribute to the taxes earned by the government which will help the economy rise. WE are also able to supply goods to our neighbors that will satisfy their demands.
3. We are twelve in the family. Because of this, a half sack of rice will only last for a week. With this, we buy at least 3 to 4 sacks of rice for our monthly consumption. Our act of purchasing rice is already part of our engagement in the economic affairs since businesses earn profits from us. Profits earned from us will be capitalized by businesses to produce more goods and services for sale. This increases the supply of goods. It will also follow that the government earns taxes from these activities.
In conclusion, as a Senior High School student, just think about how you have contributed to the country's economy as this will serve as your economic engagement.
For more information about the meaning and importance of the economy, visit these links:
brainly.ph/question/440583
brainly.ph/question/7755464
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