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The document is a module on Comparative Economic Planning from the College of Education at Northwest Samar State University, focusing on the legal basis of gender and society. It includes activities that require students to create concept maps, answer questions about economic planning, and differentiate between market and non-market systems. Additionally, it discusses the three major types of economic systems: planned economies, market economies, and mixed economies, along with the characteristics of capitalism and socialism.

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Lorie Mie Diolon
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8 views4 pages

Activities

The document is a module on Comparative Economic Planning from the College of Education at Northwest Samar State University, focusing on the legal basis of gender and society. It includes activities that require students to create concept maps, answer questions about economic planning, and differentiate between market and non-market systems. Additionally, it discusses the three major types of economic systems: planned economies, market economies, and mixed economies, along with the characteristics of capitalism and socialism.

Uploaded by

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

Northwest Samar State University


Rueda St., Calbayog City 6710
Website: http//www.nwssu.edu.ph
Email: [email protected]
ISO 9001:2015 Telefax: (055) 2093657
Certified

COLLEGE OF EDUCATION

NAME: Lorie Mie S. Diolon


PROGRAM: BSED Social Studies 2
COURSE : SS 11 - Comparative Economic Planning
INSTRUCTOR: Ms.Jireh Fortaleza

MODULE 1: Legal Basis of Gender and Society

Let’s Find Out:

Activity 1: Create a cocept map showing your ideas about the term contemparative
economic planning and create a short explanation.

Comparative Economic Planning

Produce the goods and


Manage our resources services that societies
needs.

Mixed Econmies
Planned Econmies Market Econmies
Explanation:
Comparative Economic Planning manage our resources and also provides a real
understanding of how economic systems actually function. And thus, it produces the goods
and services that our society needs. And it has three types of economic systems, suck as the
planned economies, market economies, and mixed economies that are both function to label
and manage the economy’s different types of businesses and prosuctions.

Activity 2: Answer the following questions.

1. What is comparative economic planning in your own words?

Answer:
As what I perceive about comparative economic planning, it is the balance
system which foresee and examines how distinct economic structures exist in
various societies.

2. What do you think is the implicatipon of economic planning in your everyday life?

Answer:
One of the implication of economic planning in everyday life is that, it
enables you to accomplish the economic vision of your town and take charge of
your financial future. It may aid in bringing together community members, the
private sector, and the public sector. You can decide on objectives for economic
development and lay out a plan for achieving them together.

3. What is the importance of comparing the different market systems that we have
today?

Answer:
When choosing between different production and pricing options, as well as
whether to enter or exit a sector, small business owners must be aware of the
type of market system they are working in.

Let’s Do This:

I. Answer the following questions comprehensively:

1. What is comparative economic planning?


Comparative economic planning addresses the study of economies
by concentrating on who has the most significant control over the
decision-making process regrding limited economic resources. It also
gives us the ability to comprehend the lements that affect quality of life.
Understanding various economic systems provides answers to queries
about how such as literacy, fertility, life expectancy, and poverty could
affect the work force.
2. Differentiate Market systems vs. Non-market system.
The premise of a capitalist society is a market economy or an
economy that primarily uses market forces to allocate resources, set
prices, and allocate goods. While non-market economy is an economy
that is tightly regulated or managed by the government. Socialism and
communism are two examples of this type of economy.

Market systems vs. Non-market system


Free market economy is controlled by Non-market economy is controlled by
orivate owners. the government.
Government has little influence over Government has its full control over all
the economic activities. the economic activities.
Market is based on the division of No division of labor is involved.
labors.
Price of goods and services is set by Process are determined by the
the supply and demand. government decision makers.
Ownership of land and resouces are Land and other resources are owned
with individuals or firms. by the government.
Demand decides the quantity of output. Government decides the quantity of
output.
Income distribution is not similar. Fairly equal income distribution
practices.

3. What are the three major types of economic system? Discuss each.
The three major types of economic system are; first, planned
economies, is a style of economic system in which the provision of goods
and services, or the allocation of capital goods, occurs in accordance with
economic plans that may be economy-wide or specific to a particular class
of commodities and services. For example, A centrally planned economy's
gold standard is the former Soviet Union. A command economy, also
known as a centrally planned economy, is one in which the government
sets the price and the distribution of resources, products, and services
rather than independent actors as in a free market economy. Second, A
market economy, is a form of economic system in which supply and
demand, rather than government intervention, control the economy. A real
free market economy is one in which every resource is held by a single
person. For example, Market economies include those found in nations
like the United States, Japan, and the UK. Most resources in these nations
with market economies are owned by individuals. They have no
centralized government that manages or controls their economies. The
primary market operations are instead influenced by the dynamics of
supply and demand. Third and lastly, Mixed economic systems, a system
that has elements of both capitalism and socialism is called a mixed
economy. A mixed economy protects private property and permits some
economic freedom in the use of capital, but it also permits government
intervention in the economy to further social objectives. For example,
Countries with mixed economies, including England, France, and India,
give both the state and the private sector responsibility over the
distribution of resources.

4. Define the characteristics of capitalism.


Capitalism is an economic system in which a (often very small)
group of people known as capitalists own the means of production. The
idea of clearly defined private property rights, where the government
upholds laws that acknowledge that private persons or businesses own
and control their assets, is one of the defining characteristics of capitalism.
increasing the stock of capital enhancing their capacity for production
by enlisting fresh labor, generating fresh knowledge, and deploying
resources for the creation of commodities. Capital accumulation in a
capitalist economy is what spurs development and inspires ongoing
change. It is possible for businesses to eliminate rivals from the market or
buy them out when they increase their production capacity and access to
finance. If new businesses don't enter the market to counteract this,
ownership of capital may become increasingly concentrated in the hands
of a tiny class of capitalists. Reliance on wage labor Consequently, this is
yet another essential feature of a capitalist society for the bulk of the
populace. laissez-faire, governments in capitalist systems do play a
significant role in upholding labor and environmental standards, enforcing
property rights, and preventing monopolies from undermining competition,
but other than that, capitalist principles promote the greatest degree of
individual freedom in decision-making and reduce the need for laborious
data collection and time-consuming deliberations for central decision-
making. Commodities are products and services created with a profit in
mind.

5. Define the characteristics of Socialism.


In a socialist regime, the government or the workers collectively own
the means of production. Wage labor may be less prevalent in socialism
since asset ownership is shared rather than concentrated within a small
group. Additionally, rather than being solely motivated by narrow self-
interest and financial gain, economic decisions may be more strongly
influenced by egalitarian and solidarity values. Socialist ideology is
congruent with universal healthcare, publicly funded education, and
countless other welfare initiatives. Governments and other social
institutions have a significant impact on economic issues in order to further
these socialist principles.

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