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Microeconomics Module 2 Activity

This document contains activities from a Microeconomics module focusing on economic systems for students at Apayao State College in the Philippines. The activities include filling a table to summarize the characteristics of four types of economic systems (command, tradition, market, and mixed), listing examples of why the Philippines has a mixed economy, identifying sources of different types of income, and making a process map illustrating the circular flow of rice production and distribution in the market.

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Rezia Rose Pagdilao
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753 views5 pages

Microeconomics Module 2 Activity

This document contains activities from a Microeconomics module focusing on economic systems for students at Apayao State College in the Philippines. The activities include filling a table to summarize the characteristics of four types of economic systems (command, tradition, market, and mixed), listing examples of why the Philippines has a mixed economy, identifying sources of different types of income, and making a process map illustrating the circular flow of rice production and distribution in the market.

Uploaded by

Rezia Rose Pagdilao
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Republic of the Philippines

APAYAO STATE COLLEGE


Luna, Apayao, Philippines 3818

Module 2 Economic Systems

SSE 104

MICROECONOMICS

Activities

Name:____________________________________________
Program & Section: __________________________________
Instructor: CESAR F. DE GUZMAN, JR.
MICROECONOMICS 2|Page
Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 2-1
Fill up the table to summarize the characteristics of the four types of economic system.

Types of Economic System


Features Command Tradition Market Mixed
Economy Economy Economy Economy
Ownership of the
factors of
production

Decision making
process

Decision maker

MICROECONOMICS 3|Page
Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 2-2
Having your knowledge in economic systems, site some examples why
does the Philippines is considered a mixed type economy? List them
down on the answer sheet below:

______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________

MICROECONOMICS 4|Page
Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 2-3
Identification. Identify the earners of the following income:

------------ 1. Rent

------------ 2. Profit

------------ 3. Taxes

------------ 4. Wages

------------ 5. Salaries

------------ 6. Stipend

------------ 7. Commission

------------ 8. Interest

------------ 9. Tips

------------ 10. Bonus

MICROECONOMICS 5|Page
Republic of the Philippines
APAYAO STATE COLLEGE
Luna, Apayao, Philippines 3818

Activity 2-4
Make a process map on the circulation of rice using the circular flow
model. Illustrate where rice are being produced and how they are
being distributed in the market.

MICROECONOMICS 6|Page

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