HONEY P.

SEVILLA GRADE 11 – ABM

APPLIED ECONOMICS
QUARTER 1 – WEEK 1

A.
LET’S START UP!
- Making breakfast
- Cleaning
- Studying
- Watching TV series  None, since basic needs are essential
- Spending money in life, they prioritize them over
EXERCISES wants to afford them.
1.  Their budget is always sufficient
Need Want because it is based on their monthly
1. Food 1. Designer bag net income.
2. Clothing 2. New shoes  They reduced the budget on wants
3. Face masks 3. Hotel staycation to meet the family's basic needs.
4. Alcohol 4. PlayStation 5 B.
5. School supplies 5. Gourmet foods EXERCISES
6. Laptop 6. Jewelries 1. MACRO
7. Cellphone 7. PC 2. MACRO
8. Medicine 8. Travel 3. MICRO
9. Water 9. YouTube premium 4. MACRO
10.Car 10.iPad 5. MACRO
APPLY IN REAL LIFE 6. MICRO
Basic Expenses for One Month 7. MICRO
Budget: ₱ 30,000 8. MACRO
Expenses Amount 9. MICRO
Food ₱ 12,000 10.MICRO

Electric bill ₱ 1,000 C.

Water bill ₱ 500 LET’S DO THIS!

Gas ₱ 8,000 1. Physical assets

2. Land
School allowance ₱ 1,500
3. Interest
Dogs care ₱ 2,000
4. Entrepreneurship
Leisure ₱ 2,000
5. Labor
Savings ₱ 3,000
6. Rent
 7. Profit
8. Economic resources
9. Wage
10.Factors of production
EXERCISES
1. Labor
2. Land
3. Land
4. Capital
5. Labor
6. Capital
7. Capital
8. Capital
9. Labor
10.Entrepreneurship