Activity 4 Bonus Activity

Definition of Terms Making

For those who want to have bonus points in their departmental exam or subject performance you may
do this activity. This is an individual activity to be compiled as a group.

General Instructions:

1. From Chapter 1 Introduction of the Economic Development book of Dowling, select the useful
terms. (The terms may not only be the ones in bold text).
2. After selecting the terms, identify the most relevant definition of the term from the textbook
then copy it.
3. The deadline for this activity is on March 18, 2023.

Example:

Chapter 1 Definition of Terms:

Resources. These are the basis for producing the food, shelter, medical care, and luxury goods that we
want.

Production Possibilities. This shows the maximum amounts of two different goods that can possibly be
produced during any particular time period using society’s scarce resources.