Social Studies 9 review

It is the market value of a commodity.

• demand
• inputs
• outputs
• price

Identify if the following is a MARKET STRUCTURE or FORM OF BUSINESS ORGANIZATION.

1. 1. cooperatives

• market structure
• form of business organization

corporation

• market structure
• form of business organization

Inputs are factors of production.

• TRUE
• NOT TRUE

CDA

• Cooperative Design Authority
• Cooperative Development Authority
• Cooperative Development Access

Briefly explain the following economic concept and its relation to our daily economic activities.

1. PRICE CEILING