Economic Concepts
The allocation of a scarce resource to satisfy human needs and wants.
Economics
The subclassification of this is forest and non - forest resources
Natural
The first economists according to the Greeks
Mothers
In the song, Independent Women by Destiny Child, the lyrics: The shoes on my feet (I bought 'em)
The clothes I'm wearing (I bought 'em)
The rock I'm rocking (I bought it)
'Cause I depend on me if I want it
What Core Need is it emphasizing?
Certainty
This level includes bodily needs
Psysiological needs
The basic characteristic of needs and wants
Depreciation and destruction because of continuous usage are some of the problems it faces.
Capital
The people who produce or create goods or services sold in the market
Producers
In the song, 'That's what Friends are for' the lyrics
For good times and bad times
I'll be on your side forever more
That's what friends are for
What Core Need is it focusing on?
Significance
In the song, 'Wag ka nang Umiyak' by KZ Tandingan, the lyric
Kung wala ka nang maintindihan
Kung wala ka nang makapitan
Kapit ka sa akin, kapit ka sa akin
Di kita bibitawan
What hierarchy of need is it emphasizing?
Safety and Security Needs
The fundamental economic problem people encounter
Scarcity
Unemployment and underemployment are some of the problems it faces.
Human
The one that manages the land, labor, and capital.
Entrepreneur
The need to have a certain concern and linkage to others
Connection and Love
The lyrics of the song, 'Invisible Man' by 98 Degrees goes:
I wish you'd look at me that way
Your beautiful eyes lookin' deep into mine
Telling me more than any words could say
But you don't even know I'm alive
Baby to you all I am
Is the invisible man
What Hierarchy of need should be addressed?
Self - esteem
The materials needed to produce new goods and services
resources
The factor of production associated with human resource
Labor
A well-known motivational speaker who proposed the six core human needs.
Tony Robbins
The need to develop and expand
Growth
Love and Belongingness
The cost of alternative foregone
Opportunity cost
Factors of production
A psychologist who proposed the Hierarchy of Needs
Abraham Maslow
In the song 'Sorry' by Justin Bieber, the lyrics
I'll take every single piece of the blame if you want me to. But you know that there is no innocent one in this game for two.
What Core Need is it emphasizing?
Contribution
This level is attained when a person meets their fullest potential
Self - Actualization