12

Applied Economics
Quarter 3 - Module 1:
Economics as a Social Science
and Applied Science in Terms of
Nature and Scope
Applied Economics – Grade 12
Quarter 3 – Module 1: Introduction to Applied Economics
First Edition, 2021

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Published by the Department of Education – Region XI

Regional Director: Dr. Allan G. Farnazo, CESO IV
Assistant Regional Director: Maria Ines C. Asuncion

Development Team of the Module

Writer/s: Kharen S. Bije
Editors: Tito M. Ompoy Jr.
Reviewers: Quennie D. Gumalawe, Marilou Z. Ompad
Illustrator:
Layout Artist:
Template Developer: Neil Edward D. Diaz
Management Team:
Evelyn R. Fetalvero Reynaldo M. Guillena
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Renato Pacpakin Antonio Apat

Printed in the Philippines by ________________________

Department of Education – Davao City Division, Region XI

Office Address: Elpidio Quirino Ave., Poblacion District, Davao City, 8000

Davao Del Sur

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E-mail Address: davao.city@deped.gov.ph

Introductory Message
For the facilitator:
As a facilitator, you are expected to orient the learners on how to
use this module. You also need to keep track of the learners' progress
while allowing them to manage their own learning at home.
Furthermore, you are expected to encourage and assist the learners as
they do the tasks included in the module.

For the learner:

As a learner, you must learn to become responsible of your own
learning. Take time to read, understand, and perform the different
activities in the module.
As you go through the different activities of this module be
reminded of the following:
1. Use the module with care. Do not put unnecessary mark/s on
any part of the module. Use a separate sheet of paper in
answering the exercises.
2. Don’t forget to answer Let Us Try before moving on to the other
activities.
3. Read the instructions carefully before doing each task.
4. Observe honesty and integrity in doing the tasks and checking
your answers.
5. Finish the task at hand before proceeding to the next.
6. Return this module to your teacher/facilitator once you are
done.
If you encounter any difficulty in answering the tasks in this
module, do not hesitate to consult your teacher or facilitator. Always
bear in mind that you are not alone. We hope that through this
material, you will experience meaningful learning and gain deep
understanding of the relevant competencies. You can do it!

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 Let Us Learn
This module was designed and written with you in mind. It is here to
assist you the value economics as social science and applied science in
terms of nature and scope. The scope of this module permits it to be used in
many different learning situations. The language used recognizes the diverse
vocabulary level of students. The lessons are arranged to follow the standard
sequence of the course. But the order in which you read them can be
changed to correspond with the textbook you are now using.

This lesson contains the clearness on economics as social science and

applied science.

Learning Competencies:

1. Differentiate economics as social science and applied science in terms

of nature and scope.

After this lesson you are expected to:

1. Define basic terms in applied economics. ABM_AE12-Ia-d-1

Let Us Try

Activity 1: Guessing TaYO!

Direction: These are the vocabulary you usually encounter when

you make decisions of going to the market. In the LEFT SIDE are
the scrambled words; in the RIGHT SIDE are the implications of
basic economic terms. Write your answer in a SEPARATE
SHEET OF PAPER.

1. CDAOTOASAGIPL - refer to a factor of production used to

create baking machines.

2. MIRECOOCNOMSCI - focuses on the behavior of households

and firms that makes a decision on how they interact in the
market.
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3. SARCITYC - denotes shortages of supply due to insufficient
or limitations of productive resources.

4. UXDOOSLUGYR - pertains to a product that demand

increases as income of consumers also increases. These
goods are not necessary but desirable to individuals such as
jewels and gems.

5. SDOOGCIMONOCE - a good with same benefits to society

with an opportunity cost of which includes both private and
public goods.

6. REMSUNOCSDOOG - subsequently produced and

purchased to satisfy current wants and perceived needs of
the buyer.

7. LAITNESSESDOOG - indicates primarily goods in the

household sectors considered basic needs like food.

8. DEILPPASCIMONOCE - a field of economics’ that uses

economic theories, models, and related principles and
concepts to understand contemporary socioeconomic
issues.

9. YTILANOITAR - it is hypothetical that individuals are logical

and consistent in their decision-making process, and that
they seek an outcome that is most helpful to them.

10. SONICMEOCS - the study of how society manages its scarce

resources to satisfy unlimited human needs and wants.

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 Let Us Practice
Multiple Choice. Kindly choose the letter of the correct answer. Write your
answer on a SEPARATE SHEET of paper.

1. Based on the selection, which of the following is NOT considered as a

factor of production?
a) Capital
b) Labor
c) Money
d) Natural Resources

2. What factor of production describes physical effort of manpower to

produce the protective devices of the frontliners?
a) Capital
b) Entrepreneur
c) Labor
d) Land

3. Among the choices given, which of the following statements concerning

wants is incorrect?
a) Wants are unlimited
b) Wants are changeable over time
c) Wants vary from person to person
d) All wants can be satisfied providing productive resources are used
efficiently.

4. When economists are in the process of price mechanism, what do they

mean?
a) The system by which governments control prices in an economy
b) The way in which productive resources are allocated in a market
economy
c) The fact that some goods tend to be scarcer in relation to demand
than others
d) The way in which the average general level of prices tends to rise
with inflation

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5. What is the difference between applied economics and economics as a
social science?
a) Applied economics is the application of econometrics yet,
economics as a social science concerned cost and benefits.
b) Applied economics observes how theories work in practice and
economics as a social science assess profits of a firm.
c) Applied economics study of how buyers make choices when there
is limited supply of resources whereas economics as a social
science focus of the demand and supply of a product in the
market.
d) Applied economics is the application of economic principles and
theories to real situations and to predict the possible outcomes
while economics as social science uses scientific methods to
explain the behaviors of individuals, groups, and organization.

Let Us Remember:
NATURE AND SCOPE OF ECONOMICS

Economics is a SOCIAL SCIENCE concerned with the explanation and

prediction of observed phenomena in the society (Molina et al, 2020).
Economics is also, a social science because it deals with human behavior
and problems of the society to solve by which reconciling the unlimited
desires of individuals with scarcity of resources and susceptible to
numerous alternative uses. Economics, on the other hand, is an APPLIED
SCIENCE because it utilizes the scientific method with its accurate
explanations, which consists of observing reality and presenting questions
and problems to arrive based on the formulation of theories and models. It
follows a systematic procedure to solve contemporary issues and problems
of the society. However, economists’ tasks are to analyze economic problems
with the use of scientific statistical methods, cost-benefit analysis, forms of
economic models and laws, and a process of rational decision-making that is
called ‘economic method of problem solving (Kirkwood, 1978).

Further, according to Kirkwood that rational way of thinking in

economic problems have four stages:
1. Define the problems
2. Identify the objectives
3. Look for the principal alternative ways of attaining the objectives
4. Analyze the consequences (cost-benefit analysis)

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THE FIELDS OF ECONOMICS

Microeconomics and macroeconomics have different perspectives on

the economy.

• Microeconomics: concerned with the study of individual decision-

making units within an economy: a consumer, firm, or industry.

• Macroeconomics: concerned with the study of whole (aggregate)

economies or systems including government income and expenditure,
the balance of payments, fiscal policy, investment, inflation, and
unemployment. Macroeconomics has two types of policies for
pursuing these goals: monetary policy and fiscal policy.

Microeconomics Macroeconomics

✓ Study the market of goods ✓ Study the economy as a

and services whole

✓ Focuses on the behavior of ✓ Focuses on aggregate

individual/industry in the indicators (GDP,
market unemployment rates,
inflation)

Figure 1. Microeconomics vs. Macroeconomics

Activity 1: Is it True?

Direction: Let’s analyze the market environments of the society. Please

answer the LETTER of your answer in your Answer sheet.

1. Among the choices, determine whether the statement is NOT TRUE of

economic activities in Davao City that have been observed during the
implementation of Enhanced Community Quarantine last March 2020?
a) Everyone has experienced buying limited supply of commodities
b) Everyone has inadequate supply of hygienic materials and
protective devices
c) Some citizens have suffered from changes in the pandemic
protocols of the government
d) The people in Davao City have freely enjoyed traveling from one
place to another in Mindanao.

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2. Which of the following has NOT observed in the community during the
Enhanced Community Quarantine?
a) Everyone enjoyed shopping in the market
b) Prices of commodities was suddenly increased
c) Unemployment rate of the country was tremendously increased
d) The people in Davao City were reluctant of the pandemic protocols.

The Economic Agents/Stakeholders:

1. Consumers
• Consume goods and services /offer factors of production
• Maximize utility

2. Producers
• Produces of goods / demand a productive factor of production
• Maximize profit

3. The public sectors

• Attempt to maximize the economic welfare of the society
• The agents interact among themselves in a specific territorial,
social, natural and/or cultural framework that determines
relationships → Market

BASIC TERMS TO UNDERSTAND ECONOMICS

It is important that you will familiarize yourself with the study of

economics. This will facilitate your understanding of economic analysis.
Specifically, GOODS which yields to your satisfaction. It is anything used to
satisfy your wants and needs.

Goods may also be classified according to its uses.

Consumers Goods – goods for the Essential Goods- used to satisfy

ultimate consumption of the the basic needs of individuals.
consumers. (Ex: toothpaste, bath (Ex: Foods and Medicine)
soap, etc.)

https://www.berkeleywellness.com/healthy
http://royaleclubstore.com/product/bath- -eating/nutrition/slideshow/surprising-
soap/&bih=553#imgrc=P9lSmZsanlxpBM sources-vitamin-c

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Capital Goods/Industrial Goods -
used in the production of other
goods and services. (Ex: Buildings,
Machinery and Equipment)
Luxury Goods - goods man
may do without, but may give
comfort and satisfaction.
Example: expensive cars, watches,
bags perfumes, and jewelries.

https://www.dreamstime.com/constructio https://en.wikipedia.org/wiki/Luxury_good
n-site-clip-art-buildings-machines-crane- s
excavator-sign-truck-scaffolding-city-
background-image142127720

Figure 2. Kinds of Goods

Economic Goods - are goods which is useful and scarce; with value
attached and a price has to be paid off for its use. If a good is abundant
and it can satisfy everyone’s needs without anybody paying for it, then,
that good is free. The air is free, but the air coming from the air
conditioner is an economic good. (Ex: Buildings, Machinery, and
Equipment)

https://www.google.com/imgres?imgurl=https%3A%2F%2Fst2.depositphotos.com%2F1001877%2F6144%2
Fi%2F950%2Fdepositphotos_61447297-stock-photo-air-conditioner-system-isolated-
on.jpg&imgrefurl=https%3A%2F%2Fdepositphotos.com%2Fstock-photos%2Fair-
conditioner.html&tbnid=S4KU2ZY6YsAqoM&vet=12ahUKEwjEufTSqbbuAhWRAaYKHRYVCiIQMygEegUIARD
gAQ..i&docid=x7xliMo_E8x6xM&w=1024&h=768&q=PICTURE%20OF%20airconditioner&ved=2ahUKEwjEuf
TSqbbuAhWRAaYKHRYVCiIQMygEegUIARDgAQ

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ECONOMIC RESOURCES

In the article of Nowaczyk, J (2020) on Identifying the Factors of

Production, he defined economic resources as the factors of production for
goods and services. The factors of production are inputs with a combination
in the production process of goods to have an economic profit for the firms.
These factors of production are land, labor, capital, and entrepreneurship.
Resources are limited in nature, but human wants and needs are unlimited,
thus, an efficient allocation of these productive resources (factors of
production) is a big challenge in the Philippine economy. Study of economics
also helps the entrepreneurs and the economy to allocate resources in the
production of supplies (final goods) to meet the demands of the consumers.

Land as a Factor of Production Labor as a Factor of Production

natural resources like mineral, physical and mental abilities to create
water, air, rain and wildlife commodities. (Macalinao, E.M., 2016).
(Macalinao, E.M., 2016).

https://www.masterclass.com/articles/ec https://www.cnnphilippines.com/news/2019/
onomics-101-what-are-factors-of- 5/2/dole-employment-issues.html
production

8
 Capital as a Factor of Production Entrepreneurship as a Factor of
goods like building, machines, tools, Production
equipments, and software used in the managerial and
producing commodities (Macalinao, E.M., organizational skills needed to
2016). create goods and services.
(Macalinao, E.M., 2016).

https://primer.com.ph/blog/2017/04/2
https://www.123rf.com/photo_103072970_isom 6/8-most-influential-tycoons-in-the-
etric-landscape-of-village-or-farm-with-various- philippines/
buildings-and-agricultural-machines.html

Figure 3: Resources of production and its characteristics

Characteristics of Resources:

1. Scarcity refers to insufficient productive resources to supply all the

unlimited needs and wants of individuals. In the production of goods
and services have an issue that the Philippine agricultural economy
encountered these problems includes land conversion from an area of
planting agricultural crops converted to commercial, residential, and
industrial zones. However, labor considered unskilled workforce (labor
intensive), mismatch of jobs (under-employment), and capital with low
quality of equipment/machines (capital intensive) and lastly for
entrepreneur’s lack of access on information and trainings that will
result to limited opportunities and failure to create great ideas that
can be applied in business.

2. Land is a productive resource that can be used in many ways in

multi-cropping to produce different variety of agricultural products.

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 For instance, a plot of land can be planted coffee, banana, coconut
trees, and etc.

3. Resource can be considered partially replaceable in the production

process of goods and services (e.g., substituted manual labor to
advanced technology).

Scarce resources and unlimited desires or need and wants → Scarcity

Scarcity and alternative uses → Rationality
Rationality → Opportunity cost

Activity 2: Halika Classify Natin

Direction: Please perform independently. Pick all the goods and classify
them accordingly. Your mother went to the market to shop goods for the
family. She purchased canned goods, bread, sacks of rice, meat products,
vegetables, toothpaste, bath soaps, perfumes, wrist watch, aircon
conditioner to ventilate her store, and coffee maker. Please Write your
answer in your ANSWER SHEET.

Consumer Goods Luxury Goods

Industrial Goods
Economics Goods

Essential Goods

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 Let Us Assess

Assessment 1

Direction: Still, please do this independently. The picture below shows

different factors of production of goods. This will help you become creative in
your analysis on the application of resources you need in the production of
goods that are mostly needed in the society. Determine the resources and
write the answers in your answer sheet.

2.

4.
1.

3.

Image by Brianna Gilmartin © The Balance 2019

https://www.thebalance.com/factors-of-production-the-4-types-and-who-owns-them-404526

See! Economics is a very interesting field of study. Your teacher is willing to

teach you more about it.

Let Us Enhance

Microeconomics and macroeconomics have different perspectives on

the economy (Mankiw, 2007).

➢ Microeconomics concerned of how households and firms make

decisions and how they interact in the market wherein the
transactions of goods and services occurred.

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 ➢ Macroeconomics focuses of economywide phenomena including
inflation, unemployment, and economic growth.

MACROECONOMICS HAS TWO TYPES OF POLICY

1. Monetary Policy - setting the money supply by policymakers in

Bangko Sentral ng Pilipinas. It also involves policies that affect bank
lending, interest rates, and financial capital markets. Added to that,
monetary policy primarily concerned with the management of interest
rates and the total supply of money in the circulation and it is
generally carried out by Bangko Sentral ng Pilipinas. For example,
cutting of interest rates makes borrowing cheaper to the business
sectors resulted to an increase in disposable income of firms and
households leading to a higher spending.

2. Fiscal Policy - setting the level of government spending through

infrastructural development to stimulate demand and create jobs and
taxation by government policymakers towards business sectors.

Direction: Supply the blank by writing the current word/s to complete the
statement. Write you answer on separate paper/answer sheet.

Economics Field of economics is typically divided into two broad

domains: microeconomics and macroeconomics.
1. __________________ study of households and firms interacts in the market
for goods and services transactions, while 2. __________________ deals with
the study of the economy as a whole and focuses on aggregate indicators
such as 3. __________________; 4. __________________; 5. __________________.
The Classification of goods: 6. __________________; 7. __________________;
8. __________________; 9. __________________; 10. __________________. There
are four factors of production or the resources needed to produce
products and services: 11. __________________; 12. __________________;
13. __________________; 14. __________________. Needs and wants are
15. __________________ while resources are limited.

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 Let Us Reflect (Essay)
Direction: Write your reflection in your Answer Sheet (500 words)

The World Health Organization (WHO) declared last March 15, 2020
that Corona Virus Disease (COVID-19) was considered as pandemic
worldwide. The international and domestic markets particularly our country
was affected for more than a year resulted to economic recession since the
unemployment rate of the country rose to 17.7% and Gross Domestic
Product (GDP) registered -9.5% for 2020 according to the Philippine
Statistics Authority (PSA, 2021). As a senior high school student, how would
you apply the concepts of monetary and fiscal policies to address the
economics problems of the Philippines today.

Rubric
Criteria 10 7 5 Score
Focus & • There is one • There is one clear • It is not clear
Details clear well- well-centered what the subject
centered subject. subject. and key ideas
• The key concepts • The key concepts are.
are simple and are simple and
detailed. detailed but it
• Contains reliable contains few
information and reliable
is well supported information and
is not well
supports.
Conclusion • The information • The information • The information
presented is presented is clear presented is not
clearly, and concise yet clear, concise
concisely, and not thoroughly and thoroughly
thoroughly explained and explained and
explained and analyzed. analyzed.
analyzed.
Sentence • All sentences • All sentences • All sentences
Structure, were well were well were not well
Grammar, constructed. constructed constructed.
Mechanics • Grammar, • Grammar, • Grammar,
& Spelling punctuation, and punctuation, and punctuation, and
spelling contain spelling contain spelling errors
no error. minimal errors. were observed.

http://www.readwritethink.org/files/resources/printouts/Essay%20Rubric.pdf

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Name__________________________ Year/Section______________ Date______
Teacher________________________ School________________________________

Assessment

Direction: Choose the letter of the correct answer. Encircle your answer.

1. Mrs. Nenita De Jesus purchased basic goods like vegetables and

groceries for the consumption of her family refers to what goods?
a. Capital Goods
b. Consumers goods
c. Economic Goods
d. Luxury Goods

2. Mr. Dennis Elecanal purchased a new car as a gift for his father’s
birthday signifies of what good?
a. Capital Goods
b. Consumers goods
c. Economic Goods
d. Luxury Goods

3. ABM Computer shop purchased an additional 10 units of computers for

the business denotes of what good?
a. Capital Goods
b. Consumers goods
c. Economic Goods
d. Luxury Goods

4. Which of the following is NOT considered as tangible good?

a. Cell phone
b. Mask
c. Sack of rice
d. Service Training

5. Among the choices given, which of the following statement is TRUE about
economics as a social science?
a. Economic hypotheses lead directly to predictions
b. Economics explains and predicts economic events
c. The scientific method is based on the normative analysis
d. Scarce resources and limited needs drive choice

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6. The value of an economic theory in practice is determined of which of the
selection stated?
a. how economical the model is.
b. how accurate the assumptions are
c. how well the theory can predict or explain
d. how well the theory can be represented by a graph

7. Division of economics concerned of the economy as a whole denoted to?

a. Economics
b. Mathematical economics
c. Macroeconomics
d. Microeconomics

8. The monetary policy of the Philippine government through Bangko

Sentral ng Pilipinas encouraged the business sectors to borrow money to
different financial institutions. What significant basis to make them more
beneficials?
a. Amortization
b. Compound interest rate
c. Higher interest rate
d. Lower interest rate

9. Which of the following is included in monetary policy?

a. A reduction in income tax
b. A reduction in government spending
c. An increase in corporate tax
d. Higher interest rates

10. Which of the following is NOT embodied in fiscal policy?

a. A rise of interest rate
b. Additional government spending
c. A reduction in the budget deficit
d. An increase in the budget deficit

References:
https://www.stagneshs.org/ourpages/auto/2015/4/25/44353125/Unit%201%20Answer%
20Key.pdf
https://study.com/academy/practice/quiz-worksheet-four-factors-of-production.html
https://global.oup.com/us/companion.websites/9780199811786/student/chapt1/multiplec
hoice
https://quizizz.com/admin/quiz/5b7564f0dfd12e00194449b9/factors-of-production

15
Name__________________________ Year/Section______________ Date______
Teacher________________________ School________________________________

Worksheet

Let’s Do This (Additional Activity No. 1)

Direction: Listed below are the resources for production of goods and
services. Please list down the economic issues to each resource of
production that may harm the economy. Choose your answer from the box
below.

You may collaborate with family and friends in accomplishing the

graphic organizer.

• inadequate land and natural resources; polluted areas; overcrowded

spaces

• unskilled workforce (labor intensive); mismatch of jobs

(under-employment)

• low quality of equipment/machines (capital intensive)

• entrepreneurship – inadequate trainings and funds for entrepreneurs;

failure to create great ideas in business

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Activity No. 2.

Please categorize the characteristics of microeconomics and

macroeconomics using the diagram below. This will enhance your creativity
to solve issues in the future. Write your answer in a separate sheet of paper.

• Focuses only the parts of the economy: individuals, firms, and

industries;

• Studies the economy as a whole

• Focuses on goals like productions standard of living,

unemployment, and inflation.

• Policies are focused on monetary policy and fiscal policy.

17
 Answer Key

Let Us Try Let Us Practice Let Us Remember

Activity 1: Guessing TaYO! Multiple Choice Activity 1

1. CAPITAL GOODS 1. C 1. D

2. MICROECONOMICS 2. C 2. D

3. SCARCITY 3. D Activity 2

4. LUXURY GOODS 4. B 1. Essential goods: Canned

goods; bread; sacks of
5. ECONOMIC GOODS 5. D rice; meat; vegetables;
6. CONSUMER GOODS
2. Consumer goods:
7. ESSENTIAL GOODS toothpaste; bath soaps

8. APPLIED ECONOMICS 3. Luxury Goods:

perfumes; wrist watch
9. RATIONALITY
4. Industrial goods: Coffee
10. ECONOMICS maker

5. Economic Goods: unit of

air-conditioning

Let Us Assess Let Us Enhance Assessment

1. Labor 1. Microeconomics 1. B
2. Land 2. Macroeconomics 2. D
3. Entrepreneurship 3. GDP 3. A
4. Capital 4. Unemployment 4. D
rates/Standard of 5. C
Living 6. C
5. Employment/Inflation 7. C
8. D
6. Essential Goods
9. D
7. Consumer Goods
10. D
8. Economic Goods
9. Luxury Goods
10. Capital Goods
11. Land
12. Labor
13. Capital
14. Entrepreneurship
15. Unlimited

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Worksheet Worksheet

Activity 1. Activity 2.

1. Land – inadequate land and natural Microeconomics

resources; polluted areas; 1. Studies of markets of good and services
overcrowded spaces 2. Focuses of the behavior of individual in
1. Labor – unskilled workforce; the market
mismatch of jobs 3. Focuses on parts of the economy:
2. Capital – low quality of individuals, firms, and industries.
equipment/machines
3. Entrepreneurship – Inadequate Macroeconomics
training of entrepreneurs; no new or 1. Studies the economy as a whole
great ideas 2. Focuses on aggregate indicators such as
production, employment, inflation;
standard of living; limited opportunities;
competitors in the market
3. Policies are focused on monetary policy
and fiscal policy

19
 References

Macalinao, Eloisa M., Applied Economics (2016). Unlimited Books Library

Services & Publishing Inc., Room 215 Intramuros Corporate Plaza
Building, Cabildo corner Recoletos St., Intramuros Manila

Sirin Çaki S (2019) 10 Basic Office Equipment Every Business Needs.

Retrieved on June 01 2020 from https://www.market-
inspector.co.uk/blog/2017/01/10-basic-officeequipment-for-starting-
a-business

Enriquez, H C (2020). Basic Economic Problems of the Country. Retrieved

on June 01 2020 from
https://www.slideshare.net/HannahCullen/lesson-3-basic-economic-
problems

Lamarco, N. (2018) The Socioeconomic Factors Affecting Small Businesses

Retrieved on June 01 2020 from
https://smallbusiness.chron.com/socioeconomic-factors-affecting-
small-businesses-73234.

Molina, J. A. & Nadal, G. J I (2020) Concept and Scope of Economics.

Retrieved on June 01 2020 from
http://personal.unizar.es/jamolina/Unit1.pdf

Nowaczyk, J. (2020 ). Four Factors of Production: Land, Labor, Capital &

Entrepreneurship Retrieved on June o1 2020 from
https://study.com/academy/lesson/four-factors-ofproduction-land-
labor-capital-entrepreneurship.html

Pretty, N (2020). Basic terms in Economics. Retrieved on June o1 2020 from

https://www.slideshare.net/nikspretty/basic-terms-in-economic

Portillo, E.F (2017). Basic terms in Economics retrieved on June 01 2020

fromhttps://www.slideshare.net/enaportillo13/basic-terms-in-
econom

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Websites:

https://global.oup.com/us/companion.websites/9780199811786/student/
chapt1/multiplechoice

https://www.thebalance.com/factors-of-production-the-4-types-and-who-
owns-them-4045262

https://quizizz.com/admin/quiz/5b7564f0dfd12e00194449b9/factors-of-
production

https://study.com/academy/practice/quiz-worksheet-four-factors-of-
production.html

https://int.search.myway.com/search/AJimage.jhtml?

https://int.search.tb.ask.com/search/AJimage.jhtm

https://www.stagneshs.org/ourpages/auto/2015/4/25/44353125/Unit%2
01%20Answer%20Key.pdf

https://quizizz.com/admin/quiz/5b7564f0dfd12e00194449b9/factors-of-
production

https://int.search.myway.com/search/AJimage.jhtml?

http://www.aloha-hawaii.com/oahu/dole-plantation/

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For inquiries or feedback, please write or call:
Department of Education – Region XI
F. Torres St., Davao City
Telefax:
Email Address: lrms.regionxi@deped.gov.ph

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