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THE VALUE BEYOND ECONOMICSSocial Studies LiteratureART FROM PNG.STALIN ON TIKTOK
ANG PABALAT NA ITO AY SUMISIMBOLO SA KUNG PAANO KINOKONTROL NG LIPUNAN ANG SISTEMANG PANG-EKONOMIYA . IPINAPAKITA NITO ANG KATATAGAN, KASIPAGAN, AT LAKAS NG SANGKATAUHAN —ITINUTURO NITO NA ANG HALAGA NG TAO AY HINDI MAAARING SUKATIN GAMIT ANG PAMANTAYANG PANANALAPI. HINDI LAMANG ITO NAKATUON SA LAKI NG BILANG NG URING MANGGAGAWA; SUMISIMBOLO ITO SA KUNG PAANO, SA PAMAMAGITAN NG SANGKATAUHAN—TAYO AY SAMA-SAMANG MAKAPAGSUSULONG NG PAG-UNLAD.
IntroductionIntroduction“ THE FIRST LESSON OF ECONOMICS IS SCARCITY; THERE IS NEVER ENOUGH OF ANYTHING TO FULLY SATISFY ALL THOSE WHO WANT IT.” — THIS IS A QUOTE GIVEN BY AN AMERICAN ECONOMIST NAMED THOMAS SOWELL . HIS QUOTE EXPLAINS THAT THE CONCEPTS OF ECONOMY ARE VAST AND PRECARIOUS, YET MOSTLY LIMITED DUE TO TRADE-OFFS.IN THIS ECONOMY, PEOPLE OFTEN WONDER WHAT THEY SHOULD PRIORITIZE—THEIR NEEDS, OR THEIR WANTS? THAT ALWAYS SEEM TO STAY AS A DEMANDING DECISION, FORCING PEOPLE TO CHOOSE WHATEVER THEY, THEMSELVES, AREN’ T EVEN SO SURE OF. WHILE THE CULTURE OF MODERNITY HAS INFLUENCED THE REST OF THE WORLD TO BLUR THE DIFFERENCES BETWEEN DESIRE AND SURVIVAL , LEARNING TO UNDERSTAND THEM WOULD HELP TELL THEM APART IN MAKING RESPONSIBLE PURCHASING DECISIONS.EVEN THOUGH WANTS CAN BRING PERSONAL SATISFACTION, NEEDS SHOULD STAY AS A PRIORITY BECAUSE FULFILLING THEM FIRST WOULD ENSURE ONE’S FINANCIAL STABILITY AND DECISION.
THE FIRST RULE ABOUT ECONOMY REVOLVES AROUND TWO MAIN CONCEPTS: SCARCITY, AND OPPORTUNITY COST. SCARCITY EXPLAINS HOW RESOURCES ARE FINITE, AND HOW HUMAN WANTS AND NEEDS ARE INFINITE; EXPLAINING HOW THERE ALWAYS ISN’T ENOUGH RESOURCES TO FULFILL EVERYTHING EVERYONE WANTS.Economics and CounterargumentsOPPORTUNITY COST, ON THE OTHER HAND, EXPLAINS THAT IF YOU SELECT ONE OPTION, YOU’RE ALSO CHOOSING TO SACRIFICE WHATEVER YOU COULD HAVE RECEIVED FROM THE OTHER OPTION. ECONOMICS IN GENERAL , IS THE STUDY OF HOW THE GOVERNMENT AND COMMUNITY MAKE RESPONSIBLE DECISIONS WHEN FACING SCARCITY, SHOWING HOW THE WORLD PRODUCES, SELLS, AND CONSUMES GOODS.WANTS ALSO MATTER, BECAUSE PEOPLE NEED PERSONAL FULFILLMENT AND PERSONAL DESIRES, AS IT BECOMES A PRIORITY AFTER ENSURING AND SECURING ONE'S NEEDS AND SURVIVABILITY. EVEN THOUGH WANTS CAN IMPROVE THE QUALITY OF ONE'S LIFE, PRIORITIZING YOUR OWN DESIRES TOO MUCH CAN LEAD TO FINANCIAL PROBLEMS AND CAN EVEN PREVENT SOMEONE FROM MEETING THEIR BASIC NEEDS. THAT'S WHERE THE PRIORITIZATION TO NECESSITIES START, WHEREIN FAILING TO SECURE THE AVAILABILITY TO NECESSITIES CAN RUIN THE FINANCIAL AND EVERYDAY LIFE STABILITY THAT CAN BE HARDER TO RECOVER FROM LATER ON.
Demand is a consumer’s capability and willingness to purchase goods or services at a price. The main key factors that influence demand is the product price, wherein the law of demand states that if a product’s or service’s price goes up, the demand for it goes down, and the consumer’s income, where money matters, and cheap, low-quality goods or otherwise known as inferior goods can increase the demand for them. The higher the demand the more the prices rise as sellers and business people tend to focus more on taking advantage of scarcity through psychological provocation such as the fear of missing out, forcing people to follow what’s “trending”. Advertisements tend to trigger a false sense urgency or necessity in whatever they’re selling as it provokes one’s social pressure seeing others having it, while the person lacks of it. Because of this, family friendly households become more cautious of the outside world, comparing prices, knowing what can benefit them more in terms of survivability and necessity, and what they can afford to buy with their current financial stability. If a family knows how to spend their money wisely, then they can approach a well-maintained economy that revolves around their lives.WHAT IS DEMAND?
IN THE END, NEEDS STILL TAKE THE MAIN PRIORITY OVER WANTS , SINCE IT FOCUSES MORE ON SURVIVABILITY AND NECESSITY THAT ARE ALL ESSENTIAL FOR ONE’ S HEALTHY LIFE . UNDERSTANDING THAT WE DON’ T ALWAYS HAVE ENOUGH RESOURCES TO BUY EVERYTHING WE NEED, FORCING US TO BE MORE MINDFUL OF WHAT WE PURCHASE , AND WHAT THE CONSEQUENCES AND BENEFITS ARE ONCE WE PURCHASE IT. APART FROM NEEDS , WANTS CAN ALSO BRING A SENSE OF JOY AND RECREATION TO PEOPLE , YET IT SHOULDN’ T ENTIRELY COVER OVER NECESSITIES AND FINANCIAL RESPONSIBILITIES .THE RESPONSIBLE CONSUMPTION OF GOODS DOESN’ T ALWAYS RELY ON HOW MUCH MONEY A CONSUMER HAS OR CAN PRODUCE , BUT ON HOW WISELY THEY MAKE USE OF WHAT THEY HAVE . FAMILIES AND TEENAGERS ARE ALL INVOLVED AROUND ECONOMY AND RESPONSIBLE PURCHASING DECISIONS , SUCH AS SET TING LIMITS , PLANNING AHEAD, AND MAINTAINING STABILITY TO THEIR SURVIVABILITY RATHER THAN MAINTAINING THEIR WANTS AND PERSONAL DESIRES . KNOWING ALL OF THIS ALREADY BECOMES THE VALUE THAT IS BEYOND ECONOMY, BY KNOWING HOW TO PRIORITIZE SURVIVAL OVER DESIRES , AND BY BEING MINDFUL OF SCARCITY AND SET TING BOUNDARIES TO OUR EVERYDAY PURCHASES . BOTH A PERSON’ S NEEDS AND WANTS HAVE ECONOMIC VALUE , BUT KNOWING WHAT WOULD BENEFIT US MORE WOULD HELP US IN MAINTAINING A LONG-TERM ECONOMIC STABILITY.
What are good morals and right conduct?GOOD MORAL AND RIGHT CONDUCT PLAYS AN ESSENTIAL ROLE IN SHAPING A STUDENT ’ S CHARACTER AND SOCIAL BEHAVIOR. THIS SUBJECT TEACHES FUNDAMENTAL VALUES SUCH AS RESPECT, HONESTY, SELF-DISCIPLINE , AND EMPATHY TOWARD PEOPLE FROM ALL WALKS OF LIFE . THROUGH PRACTICAL CLASSROOM LESSONS , STUDENTS LEARN THE IMPORTANCE OF COMMUNICATING POLITELY AND TREATING OTHERS WITH GENUINE DIGNITY. SIMPLE HABITS , SUCH AS FOLLOWING SCHOOL RULES , EXPRESSING GRATITUDE , AND HELPING PEERS , DEMONSTRATE GMRC IN EVERYDAY SITUATIONS . PRACTICING THESE MORAL STANDARDS ENABLES TEENAGERS TO BUILD HEALTHY, TRUSTING RELATIONSHIPS WITH THEIR FAMILIES , TEACHERS , AND CLASSMATES . FURTHERMORE , WHEN YOUNG PEOPLE CONSISTENTLY DISPLAY GOOD MANNERS , THEY CONTRIBUTE TO A PEACEFUL AND WELL- ORDERED SOCIETY. ULTIMATELY, GMRC REMINDS US THAT DEVELOPING STRONG MORAL INTEGRITY IS JUST AS CRUCIAL AS AT TAINING ACADEMIC SUCCESS .
CHRISTIAN LIVING EDUCATION,IS A VITAL SUBJECT THAT GUIDES STUDENTS TOWARD LIVING A FAITH- FILLED AND PURPOSEFUL LIFE . THROUGH THIS COURSE , STUDENTS EXPLORE THE TEACHINGS OF JESUS CHRIST AND DISCOVER HOW TO APPLY BIBLICAL WISDOM TO THEIR DAILY ROUTINES . IT ENCOURAGES YOUNG PEOPLE TO BUILD STRONG MORAL VIRTUES , INCLUDING LOVE , FORGIVENESS , HUMILITY, AND GENUINE COMPASSION FOR OTHERS . WHENEVER STUDENTS FACE STRESS OR PERSONAL STRUGGLES , CLE REMINDS THEM TO TURN TO PRAYER AND TRUST IN GOD'S GUIDANCE . IN ADDITION TO PERSONAL SPIRITUAL GROWTH, THE SUBJECT INSPIRES TEENAGERS TO ACTIVELY SERVE THEIR COMMUNITIES AND SUPPORT THOSE WHO ARE LESS FORTUNATE . BY INTERNALIZING THESE SPIRITUAL PRINCIPLES , STUDENTS DEVELOP THE MATURITY NEEDED TO MAKE ETHICAL DECISIONS AS THEY GROW OLDER. ULTIMATELY, CLE FORMS A SOLID FOUNDATION OF FAITH THAT HELPS INDIVIDUALS TREAT EVERYONE AROUND THEM WITH KINDNESS AND RESPECT.
MEMBERS: NATHANIEL LOUIS BALBIN CHRISTELLE ABBY PANTE JOSH OFRINGroup Number 3