Iba’t Ibang Sistemang Pang-ekonomiya

This encompasses an institutional arrangement and method to organize the means of production, ownership, and development of resources and management of economic activities of a society.

• Traditional

• Command

• Market

• Economic System

Maria's clothing is very simple. Their tribe only makes clothes based on the designs of their ancestors and only produces the right amount of clothing based on the needs of their members. In what system does this practice belong?

• Traditional

• Command

• Market

• Economic System

In what economic system does Maria belong?

• Mixed Economy

• Command Economy

• Market Economy

• Traditional Economy

From the four main economic questions, why is the question of what product to create not difficult to answer?

• The decision on what product and service to create depends on technology.

• The decision on what product and service to create depends on the thinking of the creator.

• The decision on what product and service to create depends on the needs of people.

• The decision on what product and service to create depends on the non-needs of people.

As a student and citizen of the Philippines, how can you show your support for the country's economic development?

• Buying products made in the Philippines.

• Buying cheap products made from China.

• Buying gadgets that are not really needed.

• Using money/allowance only for proper expenses.

Due to the negative effects of mining on our mountains, many laws have been passed to protect our natural resources. What system states that the government can intervene in matters related to environmental protection, social justice, and state ownership?

• Mixed Economy

• Traditional Economy

• Market Economy

• Command Economy

Which economic system is a combination of elements of market economy and command economy?

• Mixed Economy

• Traditional Economy

• Market Economy

• Command Economy

What economic system is referred to when the state decides on the processes of the country's economic activities?

• Mixed Economy

• Traditional Economy

• Market Economy

• Command Economy

The economy is under comprehensive control and regulation by the government, which economic system is managed by the government through a centralized agency that plans?

• Mixed Economy

• Traditional Economy

• Market Economy

• Command Economy

The answer to the main economic question is based on tradition, belief, and _____.

• Culture

• Faith

• Prayer

• Love