Professional Documents
Culture Documents
APPLIED ECONOMICS
SY 2020-2021
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Activity No. 2:
Instructions: Interpret Smith’s definition of Economics as “an inquiry into the nature and
causes of wealth of nation”. Write your answer on the space provided. Prepare for
presentation.
1. Macroeconomics-
2. Microeconomics-
3. Production-
4. Distribution-
5. Exchange-
6. Consumption-
7. Public Finance-
8. Land-
9. Labor-
10. Capital –
11. Entrepreneurs