NAME:_____________________________ DATE:_____________________

GRADE AND SEC:_____________________ SUBJECT TEACHER: MS. ANDREA M. IBAÑEZ

WORKSHEET 1

ACTIVITY 1

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

RESOURCES OF
PRODUCTION

 inadequate land and natural resources; polluted areas; overcrowded spaces

 unskilled workforce; mismatch of jobs
 low quality of equipment/machines; insufficient fund/capital;  
 entrepreneurship – inadequate training of entrepreneurs; no new and great ideas.
 Activity 2
Direction: Categorize the characteristics of microeconomics and macroeconomics using the
diagram below. This will enhance your creativity to solve issues in the future.

 Studies the behavior of individual economic units; 

 Focuses of the behaviour of individual in the market
 Focuses on 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.
 Studies of markets of good and services

ECONOMICS

MACROECONOMICS MICROECONOMICS

AS
ADS