what is economics in tagalog essay

Ano ang Ekonomiks?: Kahulugan, Kahalagahan at Uri

Ano ang  kahulugan ng ekonomiks.

Ang ekonomiks ay isang disiplina na nag-aaral at tumatalakay sa mga paksang may kaugnayan sa produksyon , distribusyon at pagkonsumo ng mga produkto at serbisyo. Ito ay pag-aaral din sa mga paraan kung paano ginagamit ng isang lipunan ang kanyang limitadong pinagkukunang yaman at kung paano ito magagamit sa produksyon para sa pangkasalukuyan at panghinaharap na pagkonsumo.

Bakit Matuturing na isang Siyensyang Panlipunan ang Ekonomiks?

Ang ekonomiks ay nag-aaral at umuunawa sa pagkilos at pag-uugali ng mga tao at may kaugnay sa iba pang behavioral sciences tulad ng psychology, sociology, anthropology, history , at political science.

Ang limitadong pinagkukunang yaman ay may epekto sa pag-uugali ng tao. Ang mga tao ay nagnanais ng mas maraming produkto at serbisyo na makokonsumo ngunit kukunti lamang ang mga paraan para likhain ang mga ito.

Bilang epekto, ang lipunan ay napipilitan magpasya kung paano nila dapat gamitin ng wasto ang mga limitadong pinagkukunang yaman na ito.

Ang ekonomiks ay interesado sa pag-aaral sa mga pagpipilian kaugnay sa pagkonsumo at sa mga salik na nagtulak para sa mga desisyon na ginagawa ng tao upang tuparin ang supply at demand ng lipunan.

Ano ang mga Uri ng Ekonomiks?

Ito ay may dalawang bahagi:

Microeconomics

Ang microeconomics ay nagbibigay-pansin sa kung paano bumubuo ng pagpapasya ang mga indibdwal na consumer at mga kompanya. Ang mga desisyon na ito ay maaaring gawa ng mga indibidwal, sambahayan, mga negosyo at mga ahensya ng gobyerno.

Pinag-aaralan dito ang mga nagiging reaksyon ng mga tao sa pagbabago ng presyo at nais nito unawain kung bakit ninanais ng isang tao ang isang partikyular na presyo. Nais nito bigyan ng paliwanag kung paano natin binibigyan ng katumbas na halaga ang isang produkto o serbisyo at kung paano natin binubuo ang ating mga pagpapasya kaugnay ng kalakalan.

Ilan sa pangunahing pinag-aaralan dito ay ang relasyon ng suplay at demand kaugnay sa produksyon at pagkonsumo ng produkto at serbisyo.

Macroeconomics

Ang macroeconomics ay ang pag-aaral sa mga aspekto na nakakaapekto sa Pambansa at Internasyonal na ekonomiya sa pamamagitan ng pag-aaral sa mga nalikom na mga datos na magagamit sa pagsuri sa paggalaw ng ekonomiya.

Ang pokus ng macroeconomics ay higit na mas malawak kumpara sa microeconomiks. Ito ay nakatutok sa isang rehiyon , bansa o minsan ay sa ekonomiya ng mundo.

Ang pag-aaral ng pagtaas ng implasyon at ang mga epekto nito ay bahagi ng macroeconomics. Pinag-aaralan din dito ang Gross domestic Product (GDP), unemployment rate, implasyon at iba pa.

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Iba pang Artikulo:

Ano Ang Implasyon? : Kahulugan, Sanhi At Epekto Mga Uri Ng Estruktura Ng Pamilihan Ang 4 Na Sistemang Pang-Ekonomiya Sanggunian:

Milton H. Spencer, “Contemporary Economics”, introduction, pg. 3-5 What is Economics , investopedia.com

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Ano ang Ekonomiks? Kahulugan at Halimbawa

Ang ekonomiks ay isang malawak na disiplina na nag-aaral ng paggawa, pagkonsumo, at pag-iipon ng salapi.

Ito ay isang mahalagang aspekto ng ating pang-araw-araw na pamumuhay na may malaking impluwensiya sa ating buhay at sa ating lipunan.

Sa artikulong ito, tatalakayin natin ang kahulugan, konsepto, at mga prinsipyong kaugnay ng ekonomiks.

Mga Nilalaman

Kahalagahan ng Ekonomiks sa Pamahalaan

Ang pangunahing layunin ng ekonomiks ay matiyak ang patas na pamamahagi ng mga pinagkukunang-yaman sa isang lipunan.

Ang pamahalaan ay may mahalagang papel sa pagpapatupad ng mga polisiya at patakaran upang makamit ang ekonomikong kaunlaran.

Sa pamamagitan ng tamang pagsasagawa ng ekonomiks, maaaring mapaunlad ng pamahalaan ang industriya, magkaroon ng trabaho ang mga mamamayan, at maipatupad ang mga proyekto para sa ikauunlad ng bansa.

Batayan ng Ekonomiks

Ang ekonomiks ay nakabatay sa mga batayan na nag-uugnay sa produksyon, pagkonsumo, at pamamahagi ng mga produkto at serbisyo.

Ang mga sumusunod na batayan ay mahalaga sa pag-aaral ng ekonomiks:

1. Batayang Pangangailangan at Kakapusan

Ito ay tumutukoy sa mga pangunahing pangangailangan ng tao tulad ng pagkain, tirahan, at damit.

Kapag may kakapusan sa mga batayang pangangailangan, nagiging mahalaga ang ekonomiks upang malutas ang mga ito.

2. Batayang Kakayahan at Mapagkukunan

Tinalakay ng ekonomiks ang kung paano maipapamahagi ng wasto ang mga mapagkukunan at kakayahan upang mabigyan ng pantay na oportunidad ang lahat ng tao.

3. Batayang Pamilihan

Mahalagang bahagi rin ng ekonomiks ang pag-aaral ng mga pamilihan at ang mga pwersang nagtatakda ng presyo.

Ito ay may kinalaman sa daloy ng salapi, alokasyon ng mga produkto, at pakikipagkalakalan.

Sistema ng Ekonomiks

Sa buong mundo, may iba’t ibang sistema ng ekonomiks na sumasaklaw sa pagpapasya kung paano ginagamit ang mga mapagkukunan ng isang bansa.

Ang tatlong pangunahing sistema ng ekonomiks ay ang sumusunod:

Market Economy

Ito ay isang sistema na batay sa malayang pagpili ng mga mamimili at prodyuser.

Ang presyo at halaga ng mga produkto at serbisyo ay itinatakda ng daloy ng pamilihan.

Ang mga mamamayan at negosyante ang nagdedesisyon kung ano ang bibilhin, ibebenta, at gagawin sa kanilang salapi.

Command Economy

Ito ay isang sistema kung saan ang pamahalaan ang naghahawak ng kapangyarihan sa pagpapasya kung paano gagamitin ang mga mapagkukunan.

Ang mga desisyon sa produksyon, distribusyon, at presyo ng mga produkto ay kontrolado ng pamahalaan.

Halimbawa nito ang mga bansang may komunistang sistema tulad ng Tsina at North Korea.

Mixed Economy

Ito ay isang kombinasyon ng malaya at planadong ekonomiya.

Ang pamahalaan ay may bahagyang kontrol sa ilang aspeto ng ekonomiya habang pinapayagan din ang malayang pamilihan.

Halimbawa nito ang karamihan sa mga bansa sa mundo, kabilang ang Pilipinas, kung saan mayroong mga patakaran at regulasyon na ipinapatupad ng pamahalaan upang maprotektahan ang mga mamamayan at matiyak ang katarungan sa lipunan.

Mga Prinsipyo ng Ekonomiks

Sa ekonomiks, mayroong ilang mahahalagang prinsipyo na sinusunod upang magkaroon ng matatag at maunlad na ekonomiya.

Ang mga sumusunod ay ilan sa mga prinsipyong ito:

Kinalaman ng Suplay at Demand

Ang presyo ng isang produkto ay nakabatay sa interaksyon ng suplay at demand.

Kapag ang suplay ay mababa at mataas ang demand, tataas ang presyo. Kapag naman ang suplay ay mataas at mababa ang demand, bababa ang presyo.

Pagpapasya sa mga Alternatibong Paggamit

Sa paggamit ng limitadong mapagkukunan, kinakailangan pumili ng mga mamamayan at negosyante sa iba’t ibang alternatibong paggamit.

Ang oportunidad sa paggamit ay nagbibigay ng pagpapasya sa mga mamamayan kung aling pangangailangan ang mas mahalaga sa kanila.

Produktibong Kagamitan at Teknolohiya

Ang paggamit ng produktibong kagamitan at teknolohiya ay nagpapataas ng produksyon at nagpapababa ng gastos.

Ito ay nagbubunga ng pagtaas ng kabuhayan at kaunlaran ng isang bansa.

Daloy ng Salapi at Pagsusuri ng Gastos

Ang tamang paggastos at pamamahala sa salapi ay mahalaga upang mapanatili ang isang balanseng ekonomiya.

Ang mga indibidwal, negosyante, at pamahalaan ay dapat magpatupad ng tamang pamamahala ng kanilang salapi upang maiwasan ang pagkalugi at pagkabangkarote.

Sa pangkalahatan, ang ekonomiks ay nagbibigay-daan sa atin na maunawaan ang magandang paggamit at pag-alaga sa mga pinagkukunang-yaman ng ating lipunan.

Ito ay isang mahalagang salik sa pagpapalago ng ekonomiya, pagkamit ng katarungan sa lipunan, at pagsasaayos ng mga pangangailangan ng mga mamamayan.

Sa pag-aaral ng ekonomiks, natututunan natin ang kahalagahan ng pag-iimpok at pamumuhunan, pagkakaroon ng pantay na oportunidad at pagkakataon sa lahat, at ang pangangalaga sa kalikasan at kapaligiran habang pinapangalagaan ang ating mga pangangailangan.

Ito ay isang proseso ng patuloy na pag-aaral at pagbuo ng mga estratehiya at polisiya upang maisakatuparan ang mga layunin ng isang maunlad na ekonomiya.

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Kahalagahan Ng Ekonomiks – Bakit Mahalaga Ang Ekonomiks?

Ano ang kahalagahan ng ekonomiks (sagot).

KAHALAGAHAN NG EKONOMIKS – Sa artikulong ito, ating tatalakayin kung bakit nga ba mahalaga ang ekonomics sa buhay natin.

Ang ekonomiks ay nagmula sa salitang Griyego na “oikonomos” na kung sa Ingles ay nangangahulugan na “household”. Sa payak na pagkakahulugan, ito ay tumutukoy sa pamamahala ng tahanan. Sa malaking sakop, ito’y tumutukoy sa pamamaraan ng pamamahala ng buong bansa.

Mahalaga ang ekonomiks dahil ito ang nagbibigay kasagutan sa mga katanungang ating iniisip. Sa pag aayos at pagpaplano ng gawain sa ating tahanan ay gumaganap ng malaking parte ang ekonomiks tulad na lamang sa aspeto ng pagtipid o pag-budget ng pera para matustusan ang mga pangangailangan ng pamilya at makapagtabi nang sapat para sa mga hindi inaasahang pangyayari.

Kung ang buong bansa naman ang pinag uusapan, ang ekonomiks ang nagpapaalam sa atin ng tunay na estado ng ating bansa base sa iba’t ibang solusyon o modelo na nadiskubre ng ilang ekonomista.

Dahil sa ekonomiks ay ating nalalaman kung paano susolusyunan ang kung ano mang trahedya hindi mabuting dinadanas ng ating ekonomiya. Ang estado ng ating ekonomiya ay siya ring nagsasalamin ng sasapitin ng mga mamamayan sa kani-kanilang pamumuhay.

Ang ekonomiks ang nagsisilbing gabay sa atin sa pang araw-araw upang ating malaman kung anong susunod na yapak ang ating gagawin.

Tila parang isang asignatura lamang sa paaralan ang ekonomiks ngunit ang hindi alam ng nakararami ay malaking porsyento ng kanilang ginagawa araw-araw ang may kaugnayan rito. Ang pagpapahalaga sa ekonomiks ay katumbas na rin na nagpapahalaga tayo sa ating pamumuhay at sa kabutihan ng buong bansa.

Salamat sa inyong maiiging pagbabasa. Aming sinisiguro ang pagserbisyo ng bago at pinaka-tinatangkilik na balita. Hanggang sa susunod na mga bagong balita mula dito lamang sa Newsfeed.

BASAHIN RIN: Ekonomiks  – Kahulugang Heneral At Ayon Sa Mga Kilalang Tao

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Ano ang Ekonomiks?

Ang ekonomiks ay ang pag aaral ng kung saan nilalagay ng mga tao ang kanilang yaman. Pinag-aaralan din dito ang ugali ng mga tao sa pagkonsumo, kalakal, at paglikha ng yaman. Nakapokus ang ekonomiks sa sa interaksyon ng tao sa lipunan , lalo na sa pagkuha nito sa kanilang mga kinakailangan, kagustuhan, at kasayahan. 

Mahalagang malaman sa ekonomiks na limitado lamang ang makukuha natin dito sa mundo ngunit ang mga kinakailangan natin bilang mamamayan at tao ay walang hangganan.

Ano ang Kahalagahan ng Ekonomiks?

Konsepto ng ekonomiks, dalawang sangay ng ekonomiks, ano ang ekonomiya, ekonomiya ng pilipinas.

Malimit na tinatanong ang kung ano ang kahulugan ng ekonomiks sapagkat ito’y napakamalawak na paksa na kadalasa’y ang mga dalubhasa lamang ang nakakaalam sa kadahilanang ito’y mahirap unawain. Ang kahulugan ng ekonomiks ay ang pag-aaral ng pagtugon sa walang hangganang pangangailangan ng mga tao sa pamamagitan ng paggamit ng limitadong pinagkukunan. 

Malaki ang kahalagahan ng pag-aaral ng ekonomiks sapagkat dahil dito’y malalaman ng mga indibidwal ang tama at wastong aksyon upang matamasa natin ang pinakamainam na ekonomiya sa isang lipunan o bansa. Sa pagdadagdag, ang mga hindi maipaliwanag na mga karanasan sa pangkabuhayan, pampulitika, at pangsikolohiyang asal at kilos sa mga mamamayan patungkol sa ekonomiya ng lipunang kanilang kinabibilangan.

1. Scarcity – Ibig sabihi’y kakulangan  ng mga pangangailan ng isang tao. Sapagkat lahat ng tao’y may walang katapusang pangangailangan habang ang ating pinagkukunan ay limitado, ang konsepto ng scarcity ay ang pagpapainam ng distribusyon ng mga pangangailangan sa mga tao upang masiguradong hindi mauubos ang pinagkukunan at makapagtira pa para sa mga susunod na henerasyon. Mga halimbawa nito’y kakulangan sa tubig, kuryente, at pagkain.

2. Opportunity Cost – Ang opportunity cost ay isang terminolohiyang ginagamit upang mapangalan ang gastos o ang resulta ng pagkuha ng isang oportunidad na may kasamang benepisyo. Halimbawa nito’y sa pagpili ng kung anong bibilhin mo sa iyong limitadong pera: kung gadget o medisina. Kung ang napili ay gadget, ang opportunity cost nito’y ang kalusugan at ang pagkaibsan ng sakit sa katawan.  

3. Supply and Demand – Tinutukoy nito ang relasyon ng mga nangangailangan at ng produktong tinatamasa ng mga ito. Sa konseptong ito masasagot kung bakit paiba-iba ang mga presyo ng bilihin sa palengke o tindahan. Kung ang demand ay tumataas, bumababa ang supply at nagreresulta ng pagtaas ng presyo ng mga bilihin (shortage). Kabaliktaran naman pag ang supply ang tumataas, sapagkat sumusobra ang supply at lumiliit ang presyo nito (surplus). 

4. Incentives – Ito ay ang konsepto ng pagbibigay ng reward o gantimpala aparte sa buwanang sweldo upang pagbutihin ng isang empleyado o mangangalakal ang kanyang trabaho. Binibigay ito ng mga kumpanya o organisyasyon upang tumaas ang productivity at efficiency rate.

5. Purchasing power – Ang konsepto ng kakayahang bumili ng mga konsumer sa mga prdoukting ninanais gamit ang sariling pera. Ibig sabihin, kung ang isang konsumer ay may mataas na purchasing power, may kapabilidad itong bumili ng maraming produkto. 

May dalawang sangay ang Ekonomiks: ang makroekonomiks at maykroekonomiks .

Ang makroekonomiks ay ang pagtingin sa ekonomiya sa kabuuan o pangkalahatang perspektibo. Sa pananaw na ito makikita ang mga datos ng isang ekonomiya sa malawakang dimensyon.

Ang maykroekonomiks naman ang tumutukoy sa sangay ng ekonomiks na tumitingin sa maliliit na bahagi ng ekonomiya. Inanalisa nito nang may maigi ang maliliit na parte ng ekonomiya upang lubos na maintindihan. Halimbawa ng makroekonomiks ay ang pag-aaral ng kilos ng mga konsumer sa pag-iiba ng presyo o nang kalidad ng isang produkto. 

Ang ekonomiya ay ang pangkalahatang sistemang ekonomiko ng isang lipunan o bansa. Ito ay sumasaklaw sa mekanismo ng trabaho, puhunan sa negosyo, lupang gagamitin, manupaktura, produksyon at pangangalakal, konsumpsyon ng mga produkto at distribusyon nito. 

Tradisyunal na ekonomiya – Ito ay patungkol sa mga hanapbuhay na nakapagbibigay ng produktong kakailanganin ng lahat upang mabuhay—halimbawa nito’y pangingisda at pagtatanim ng mga prutas, gulay, bulak, at kahoy. Sa mga hanapbuhay na ito hindi gaanong strikto o inireregula ng gobyerno ang lisensya upang mag hanapbuhay.

Lipunang pang-ekonomiya – Ito ay patungkol sa ikatlong sektor ng lipunan na ibig sabihi’y ang ekonomiya ay nasa pagitan ng pribado at pampublikong sektor. Nakapaloob dito ang kooperatiba, nonprofit na mga organisasyon, negosyong para sa lipunan at mga kawanggawa o charities/foundation. Sa madaling salita’y mas nakapokus ang mga ito sa pangkabuhayan ng mga tumatangkilik nito at hindi ang kumita.

Isyung pang ekonomiya – Kabilang sa mga isyung suliranin ng ekonomiya ang agrikultura, trabaho at ang sahod (minimum wage), kontraktuwalisasyon (hindi permanenteng trabaho), OFWs, usaping pangkapaligiran, industriyalisasyon, foreign trade, at globalisasyon . Ang mga nabanggit ay ang ang mga pinakamalaking dagok sa ekonomiya, kung kaya’t napakaraming pag-aaral ang iginagawas sa mga isyung patungkol dito. 

Ang Pilipinas ay isang developing country na matatagpuan sa Timog Silangang Asya na nakalagay sa kategoryang lower middle income. Ang Pilipinas ay ika-130 sa buong mundo sa kategoryang GDP, at mas may mababa sa mga bansang Singapore, Malaysia, Thailand at Indonesia. Ika-138 naman sa buong mundo ang Pilipinas sa mga bansang pinakamadaling simulan ng negosyo. Ikaw-105 naman ang Pilipinas sa Corruption Perceptions Index na siyang rason kung bakit mas mahirap umunlad sa bansa—tinatangay ng mga opisyal ang pera sa kaban ng bayan. 

Ayon pa sa mga pag-aaral, ang malaking diperensiya ng mga sahod ng mga mayayaman at mahihirap ay napakalaganap sa Pilipinas, kung kaya’t mahirap umunlad para sa mahihirap at madaling mas yumaman para sa mga mayayaman. 

Ang mga negosyong umuunlad ng sobra sa Pilipinas ay ang mga negosyong patungkol sa telekomunikasyon, BPO, real estate, at pagluluwas ng semikonduktor. Dahil ang mga negosyong ito ay maunlad at hindi ito nangangailangan ng maraming empleyado, marami sa mga Pilipino ang nananatiling mahirap at walang trabaho.

Ang mga negosyong nakapagbibigay naman ng maraming empleyado (agrikultura, manupaktura, at industriya) ay hindi masyadong umuunlad sa Pilipinas.

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Ang Kahulugan ng Ekonomiks

October 10, 2011 by Georg Kevin Paquet 188 Comments

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Since at the school that I’m attending we are using our Philippine Language (Tagalog) in the discussion of Social Studies, I’ll gonna apply the same language to this lesson that I’ll be taken from my book. Sorry for the English people.

Ano ang Ekonomiks?

• Ang ekonomiks ay agham na tumatalakay produksyon at distribusyon ng yaman ng bansa.
• Ang ekonomiks ay agham-panlipunang tumatalakay sa kung paano maaaring maipluwensyiyahan ang isang tao dahil sa sistema ng ekonomiya.
• Ang ekonomiks ay agham-panlipunang tumatalakay sa pagpili ng likas na yaman kung saaan sagana ang isang pamahalaan.
• Ang ekonomiks ay isang agham na nag-aaral sa gawi ng taong may kinalaman sa ugnayan ng pangangailangan at kakapusang may alternatibong gamit.
• Ang ekonomiks ay pag-aaral ng sangkatauhan sa pangkakaraniwang pang-araw-araw na buhay. Sinusuri nito ang bahagi ng kilos ng tao at pangkahalatang iniuugnay sa pagkakamit at paggamit ng pangunahing pangangailangang materyal ng tao.
• Ang ekonomiks ay ang pag-aaral kung paano tinustustusan ng tao o lipinan ang walang hanggang pangangailangan at kagustuhan sa pamamagitan ng mahusay na alokasyon o pagbabaha-bahagi ng pinagkukunang-yaman.

Ang mga nabanggit ay ilan sa mga kahulugang ibinagay ng ilang mga libro para sa asignaturang ekonomiks. Bagama’t tama ang lahat, iba-iba ang pananaw ng bawat isa ukol sa asignatura. Maari nating kunin ang mahahalagang puntos ng bawat isa sa pagbuo ng sarili nating kahuluguhan.

Ang isang makabuluhang kahulugan ng ekonomiks ay maaring hatiin sa apat na mahahalagang bahagi:

• Isang agham-panlipunan
• Limitadong yaman
• Mga pangangailangan at walang katapusang hilig at luho ng tao
• Lubusang paggamit.

Ang ekonomiks ay isang agham dahil ginagamitan ito ng mga tsart, grap, at matematika sa mga pagsusuring ukol dito. Higit pa rito ay sinusunod nito ang mga pamamaraan ng palulutas sa mga suliraning iginawad sa sangkatauhan ni Sir Francis Bacon, ang scientific method. Gaya ng ibang mga agham, naniniwala ang ekonomiks sa kalipunan ng mga hakbang na dapat isagawa upang malutas ang mga suliranin sa asignaturang ito. Kinakailangan muna tukuyin ang problema, gumawa ng hypotheses, mag-obserba at kumalap ng mga datos, bago guamawa ng konklusyon. Sa tulong ng pamamaraang ito lamang, ayon kay Bacon, maari nating masiguro ang mga konklusyong ating binubuo bilang kalutasan sa mga suliranin.

Kung ang kailangan nyo, ang bumuo ng isa pang kahulugan ng ekonomiks gamit ang sariling salita, oh ang apat na bahagi na binigay namin sa itaas, maari nyong magamit ang kahulugan na binuo namin na base sa apat na mahahalagahang bahagi nito: Ang ekonomiks ay isang agham-panlipunan na tumatalakay sa limitadong yaman, mga pangangailangan at walang katapusang luho ng tao, at sa lubusang paggamit ng mga yaman ng mundo.

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Reader Interactions

June 28, 2008 at 8:40 pm

you help me thnk you!!

June 30, 2008 at 7:54 pm

July 6, 2008 at 8:57 pm

tnk you very much

July 7, 2009 at 11:59 am

thank u for helping me!

July 13, 2008 at 6:02 pm

bakit mahalaga ang ekonomiks sa buhay ng tao?

July 13, 2008 at 7:52 pm

Originally Posted By yana bakit mahalaga ang ekonomiks sa buhay ng tao?

I’ve sent you an email, hope you received it on time.

July 14, 2008 at 6:10 pm

nice place, I like your blog, sana welcome dito ang beauty ko kahit mas maganda sa akin ng isang paligo si Miss Valenzuela. Former campus beauty queen din ako. .

July 17, 2008 at 3:02 pm

@Colegialagirl – buti naman na like mo place namin na ito somehow ^^,)

July 18, 2008 at 1:09 pm

SALAMAT F0E SA INY0

July 19, 2008 at 1:47 am

@john2 – hehe. walang anu man.

July 23, 2008 at 4:10 pm

thank u poooooooo!!!

July 31, 2008 at 8:38 pm

do u have tula tungkol sa ekonomiks? can i have one? please100x… tnx.=))

July 31, 2008 at 8:52 pm

tagalog po. anything bsta related to ekonomiks.=))

July 31, 2008 at 9:52 pm

@charmie – check your email tomorrow morning, I’ll write one later

August 3, 2008 at 3:15 pm

do u have tula about ekonomiks?tagalog lng… tnx

August 3, 2008 at 3:16 pm

pwede phinge ng tula about economiks please.. tagalog lng po… tnx….

August 10, 2008 at 10:04 am

August 18, 2008 at 10:00 pm

@christine – welcome po

June 18, 2010 at 2:03 am

ahmm…..!♥ kevin y nakatalikod ka sa pic mu. i cant c ur face toluy

August 22, 2008 at 5:22 pm

…yOh,,,tulA nga poh….bouT ekonom……jejejejejejejeje

September 14, 2008 at 8:05 pm

hell0w PO.. pwede po bang pahingi din ng tula.. cgi na po pleaseee… tagalog po about eco.. 🙂

June 8, 2009 at 8:22 pm

mali spelling mo ayusin mo nga

nag aaral ka ba!

yong hellow mo kung ano ano pa yan pwede na naman na hello!

January 25, 2009 at 1:24 pm

hi po gusto kulang po malaman kong ano ang buod sa ekonomiks4 kabanata 17

January 25, 2009 at 8:11 pm

You lack information, we don’t know what book you are using.

June 23, 2009 at 9:00 pm

hi kua.. u can teach me how to speak English? Tnx.. p0h

Txt bak in my FS ^_^

August 17, 2020 at 2:06 pm

Bakit mahalaga ang pag aaral ng ekonomiks po? At ano ang kaugnayan nito sa pang araw araw na pamumuhay mo?

February 14, 2009 at 9:38 pm

…tanx…

March 8, 2009 at 12:32 pm

hi poh .. ano poh ba mga konsepto ng ekonomiks?

June 1, 2009 at 8:14 pm

eow pouh maraming teinksZ pouh…

June 2, 2009 at 6:44 am

its very educational.i like it.more power pinoyteens

June 2, 2009 at 8:54 am

: huhuhu ..

bkit mahalaga ba ang ekonomiks !!

epal 4th year na acu ..

June 2, 2009 at 2:56 pm

thnk you sso heplful

June 2, 2009 at 4:06 pm

wala po bang sagot sa tanong ko

ano ano ang mga kaugnayan ng ekonomiks sa ibang asignatura?

wait ko ha?

June 2, 2009 at 4:07 pm

tnxx…

June 2, 2009 at 4:08 pm

or just comment on my friendster [email protected]

ayan.. mail nyo ko ha?

June 2, 2009 at 5:32 pm

nice ntulungan ako sa assignment ko wahahahaha tnx poh sa nag gawa!!!

June 2, 2009 at 7:10 pm

..tnx poh sa meaning i rily apreciate it..hahaha

June 2, 2009 at 7:12 pm

ui..example nga ng pix n about s ekonomikz.?

June 2, 2009 at 10:48 pm

,,,bk8 mhalagang pag aralan ang ekonomiks?????

June 3, 2009 at 8:34 am

nku. thank u so much po tlga! ang laki ng natulong nito sakin for making my homework in Economics. :)) thank u po ulit! 🙂

June 3, 2009 at 6:05 pm

June 3, 2009 at 8:16 pm

ano ang kahalagahan ng ekonomiya???

June 3, 2009 at 8:33 pm

paano ba malalamankung merong ekonomiya?

June 4, 2009 at 5:09 am

asignaturang may kinalaman sa ekonomiks? at tukuyin kung bakit?

pa help plz….

June 4, 2009 at 8:36 am

thnx for dis site. sa wakas may takda nqcu. 😀

June 5, 2009 at 4:36 pm

,,,yan na puh ba ung meaning ng ekonomks?

June 5, 2009 at 8:19 pm

tnx sa abnswer

June 5, 2009 at 8:56 pm

June 6, 2009 at 4:04 pm

hi po…my ass. po ako 4th yr. na me dko lang po kc alm isasagot ko..bka po ma2lungan mo ako…e2 po yung kailangan ko ng sagot: -ano po ba yung meaning ng ekonomiks? -pwede ka po bang magbigay ng maikling kasaysayan ng ekonomiks??? -paano nagsimula ang pagsibol ng kaisipan sa ekonomiks?

i hope you will help me.. bukas kona po kailangan ng sagot…

June 6, 2009 at 6:24 pm

..ano ang ibat ibang uri ng ekonomiks??..

June 6, 2009 at 8:47 pm

hmmm… wat phu b kahalagahn ng ekonomiks? and pingmulan, layunin at mga kaugnay n pag aara….

pki e-mail n lng phu…

[email protected]

June 7, 2009 at 11:07 am

Thnk U so Much…..

June 7, 2009 at 5:28 pm

tNx so much !!

June 7, 2009 at 6:11 pm

pwde pho pahingi ng im4rmation about ekonomic.

June 7, 2009 at 6:16 pm

pwde pho pahingi ng im4rmation about ekonomic?

June 7, 2009 at 8:20 pm

PANU BA NAGCMLA UNG ECONOMICS!!!!

June 8, 2009 at 3:55 pm

marami pong thank u ..

June 8, 2009 at 5:03 pm

thank you andami kong nalaman

June 8, 2009 at 5:04 pm

ano po ba ang kahalagahan ng akonomiks

June 8, 2009 at 6:18 pm

a bunch of thanks. ur alot of help in doing my homeworks. 2 thumbs up! hope to see more of economics..

June 8, 2009 at 6:56 pm

pano naging agham ang ekonomiks ???

June 8, 2009 at 8:20 pm

pwede ba ang spelling nyo iwasto nyo mga nagcocoment kayo kaya naboBObO ang mga tao ngayon eh..

June 8, 2009 at 8:50 pm

……. it was awesome!! it helps me, 4 my ass. thankZZ..!!

June 8, 2009 at 9:06 pm

thank you for this webpage bec.it help me soooooooooo much

June 8, 2009 at 9:12 pm

ano po ba ang tawag sa mga unang tao nag nag aaral ng ekonomiks??? pa help po sana ako ^^ hihi GodBlez

June 8, 2009 at 9:29 pm

SALAMAT SA IMPORMASYONG ITO!!!! PERO SA SUSUNOD DZAPAT NIYONG PAHALAGAHAN ANG PAGSULAT NG WASTO, MARAMING MGA SALITANG MALI ANG PAGKAKASULAT… TRY TO CHECK THE SPELLING AND THE GRAMMAR! THOUGH IT HELPED ME; BUT AS FILIPINOS WE MUST GIVE ATTENTION TO WHAT ARE WE SHOWING TO THE PUBLIC… I UNDERSTAND THAT WE ARE NOT PERFECT! MAYBE THAT’S JUST CLEARICAL ERRORS WRITTEN BY THE ENCODER… SO NXT TIME BE SENSIBLE TO YOUR WORDS… THANK YOU!

June 9, 2009 at 6:19 pm

And you think you sound much better? “So next time be sensible TO your words” are you sure? “but as Filipinos we must give attention to what ARE WE showing” are you sure about that, too?

June 9, 2009 at 6:24 pm

tarantado ka

marunong kana cge muret anak ka ng tatay mo.nimal

June 8, 2009 at 9:33 pm

waaaaaaaaaaaaah. :p thanks a lot.

June 9, 2009 at 5:26 pm

kuya may tanong po ako maari po ba kayong mag bigay ng example ng

maaring i ugnay ang ekonomiks sa iba pang agham panlipunan???

babalikan ko po Ito ty pow!!!

June 9, 2009 at 5:27 pm

grabe naman yan kokopya kanalang mag sasalita ka pa ng masama!!!

June 9, 2009 at 5:28 pm

peter anthony

June 9, 2009 at 6:23 pm

thenk u .u hilp mi ahaha

June 9, 2009 at 7:57 pm

09093324525

June 12, 2009 at 10:11 am

sana cnama nu na rin po ung mga sangay at dibisyon ng ekonomiks…. tsaka ung kahalagahan…peo tnk u pa rin

June 9, 2011 at 2:09 am

slamat sa info solve na problem ko

June 12, 2009 at 7:44 pm

hellow po…..pede poh b humingi ng tula about ekonomikz???? sana m2lunga muh koh????…… proj. kz namin eh!!!!!!!.,.,.,,,,

tnz and god blezzz pouuu…,.,,,

June 13, 2009 at 10:18 pm

hayst nkahanap dn ng kahulugan..

June 4, 2014 at 8:08 pm

This is really a great help! Thanks Pinoy Teens! More Power! <3

June 14, 2009 at 9:22 am

.. engeh naman puh quh ng tulah bout ekonomiks o ..

June 14, 2009 at 9:26 am

pki email nlng puh d2 [email protected]

w8 koh puh a !

June 14, 2009 at 9:36 am

..tula na lang puh tungkol sa pagsilang ng ekonomiks ..

sana puh ., mabgyan muh puh agad aquh !

June 14, 2009 at 2:55 pm

tenx pho,…

June 14, 2009 at 5:28 pm

mga papies and mamies..

anu po ba ang kaugnayan sa buhay natin ng ekonomiks??..

pa help naman po..

June 14, 2009 at 5:31 pm

e2 po ang email add ko..

salamat po.. paki send nalng po..

la pa po kasing librong ibinibigay ang skul namin..

anu po ba meaning ng Law of diminishing Marginal Returns at Comparative Advantage??.. tagalog po huh..

hintayin ko po sagut nyu

salamat ulit

June 14, 2009 at 6:08 pm

ask po. ano ang kaugnayan ng ekonomiks sa iyong buhay? ty!.

June 5, 2012 at 3:53 pm

June 14, 2009 at 10:22 pm

June 14, 2009 at 11:55 pm

_+’tnx 4 da help!

June 15, 2009 at 7:37 pm

+_thnx for this.. pero nagugugluhan pa din aq ng konti…

June 15, 2009 at 8:20 pm

hai… tNx a lot… !!!!!!!!!♥♥♥♥♥♥♥

June 15, 2009 at 9:33 pm

thanks a lot. you helped me a lot 🙂

June 17, 2009 at 8:52 pm

June 18, 2009 at 8:15 pm

pasagot naman po nito.

2 sangay ng Ekonomiks at kanilang pagkakaiba.

Ano ang saklaw ng Ekonomiks?

Magbigay ng dibisyon nito.

super thanks. pakiemail nlang po sakin. 🙂

June 21, 2009 at 9:35 am

thank u po..

June 29, 2009 at 10:44 am

anu-ano ang mga 7 kahalagahan kung bkit pinag-aaralan ang ekonomiks?

June 29, 2009 at 6:54 pm

♥♥♥ !!… pde paki post nmn poh ung 5 konsepto ng ekonomikz plzzzz…!! ♥♥♥ ☻♥☻ … !! Thankz pouhh…!! ♥☻♥

July 14, 2009 at 11:11 pm

…tNx poh,kC natulungan niyo ako sa ass.qo!…

July 20, 2009 at 7:24 pm

help naman po. pwede niyo po ba ako bigyan ng 20 tagalog words na related sa ekonomiks. with meaning, syllabication, part of speech. please? nid ko lang po talaga. salamat sa tutulong sa akin. pakisend sa email ko, salamat po. 🙂 [email protected]

August 19, 2009 at 9:38 pm

pls ad this e-mail on friendster thnx!

June 12, 2010 at 4:47 am

e anu-ano ang 2 bahagi ng ekonomiks? paano nagkakaiba ang mga ito? anu-ano ang mga siyentipikong paraan ng pag-aaral ng ekonomiks?

send me an email please!! thanks a lot! 🙂

June 16, 2010 at 7:10 pm

thanks ng marami..!

June 17, 2010 at 10:38 pm

salamat talaga ahhhhh pwede maglagay ka kung ano ang kahalagahan nito sa tao please!!!….

TenG Que….

June 18, 2010 at 2:05 am

pede po bng patala ng apat na dahilan kng ymahalgang pagaralan ang ekonomiks

June 24, 2010 at 3:07 am

haayyyy…. salamat po sa website na to:-D hmmm nu po kahalagahan ng economiks??? thank you… aasahan ko po yung sagot

July 4, 2010 at 5:45 am

xxthank you…….XD

September 25, 2010 at 11:18 pm

October 7, 2010 at 5:17 am

anu po meaning ng law of diminishing marginal returns in tagalog po tnx 🙂

June 6, 2011 at 8:54 pm

tae tong sagot.. sa ANSWERS nia lang to kinopya e. mejo inayos lang ung uniformity.

June 6, 2011 at 10:39 pm

Galing ‘yan sa Textbook ko dati. Lol.

June 7, 2011 at 2:25 am

galing nmn ng gumawa nito1! thank tou po!!

June 7, 2011 at 8:56 pm

thanks for the information about ekonomiks,.,.,

June 8, 2011 at 2:46 am

anu po ang kahalagahan ng pag-aaral ng ekonomiks sa ating pamumuhay? .. tenk.yaw nan marami . 🙂

June 8, 2011 at 2:55 am

. lab it .. 😀

June 8, 2011 at 9:00 pm

anu-ano po ang mga syensya na may kinalaman sa ekonomiks ? plss , i need the answer. thanks ! 🙂

June 8, 2011 at 9:01 pm

,.,.slmat tlga nlman q lhat 2ngkol sa economics slmat ng mrmi !!

June 6, 2017 at 11:31 pm

June 9, 2011 at 8:56 pm

dami q na22nan maraming salamuch

June 12, 2011 at 1:02 am

xalamat poh…. may assignment na akuh.. hahahaha tnx puh talgah

June 29, 2011 at 4:13 am

ang galing,marami na akong natutunan sa lipunan,,,,dahil et0 ang aming lesson sa fourth year…..ang economiks…….

June 13, 2011 at 10:34 pm

maraming salamat sa impormasyon!!

June 14, 2011 at 4:44 am

Ang ekonomika[1] (Ingles: economics) bilang isang agham panlipunan, ay ang pag-aaral sa paglikha, pamamahagi, at pagkonsumo ng kalakal.[2] Ang salitang "ekonomika" na hango sa salitang Wikang Kastila "economica" ay mula sa mga salitang Griyego οἶκος [oikos], na nangangahulugang "pamilya, sambahayan, estado" at νόμος [nomos], o "kaugalian, batas" at may literal na kahulugan na "pangangasiwa ng sambahayan" o "pangangasiwa ng estado". Ang isang ekonomista ay isang tao na gumagamit ng konseptong pang-ekonomika at mga datos sa kanyang trahabo, o isang tao na nakatamo ng isang degree sa paksang ito mula sa isang pamantasan.[2] Ang larangang ito ay mahahati sa iba't ibang paraan. Pinakapopular dito ang microecomics (sa antas ng indibidual na pamimili) sa macroeconomics (nagtipon-tipong resulta). Maari rin itong mahati sa positive laban sa normative, mainstream laban sa heterodox, at ayon sa sangay. Ang ekonomika ay may tuwirang paglalapat sa kalakalan, personal na gastusin, at pamahalaan. Mayroong mga teorya na nabuo bilang bahagi ng teoryang pang-ekomika at nailapat sa mga pamimili na walang kaugnayan sa pera sa mga larangang kasinlawak ng kilos ng kriminal, pananaliksik sa agham, kamatayan, politika, kalusugan, edukasyon, pamilya, panliligaw (dating), at iba pa. Pinahihintulutan ito dahil tungkol sa pagpapasya ang ekomomika.[2] Nagsisimula ang ekonomiya sa premise o proposisyon na kakaunti ang kayamanan at kinakailangang mamili sa pagitan ng mga napapaligsahang alternatibo. Sa ibang salita, binibigyan ng pansin ng ekonomika ang mga tradeoff. Sa kakulangan, kung pipili sa isang alternatibo, nangangahulugang sinusuko ang isang pang alternatibo—ang halaga ng pagkakataon (opportunity cost). Nililikha ng halaga ng pagkakataon ang isang tahasang ugnayan ng halaga sa pagitan ng nagpapaligsahang alternatibo. Sa karagdagan, sa parehong nakasalig sa merkado (market oriented) at nakaplanong ekonomika, kadalasang di na tahasang ipinapaliwanag ang dami ng kakulangan sa pamamagitan ng kaugnay na halaga.[3] Tinutukoy ang ekonomika na "malungkot na agham". Unang binansag ito ni Thomas Carlyle, na pinaboran ang isang sistema ng ekonomika na nakabatay sa pang-aalipin, upang tanggihan ang mga nangungunang ekonomista noong dekada 1840, na mga karaniwang libertaryo na sumasalungat sa pang-aalipin. Ngayon, kadalasang ginagamit ito para banggitin ang pabibigay diin sa kakulangan sa ekonomiya.[

June 14, 2011 at 6:55 pm

ang ekonomiks ay hidi ko alam

June 5, 2012 at 2:27 am

thank’s a lot love u !

June 21, 2011 at 3:13 am

paano naugnay ang ibat ibang agham panlipunan sa pag aaral ng ekomiks?

July 1, 2011 at 5:00 am

THANKS! Magrerecite ako tomorrow because of YOU guys! 😉

July 6, 2011 at 5:24 am

wow galing!!! hahaha makakapagreport na ako bukas!!!! thank you po!!! yes!!!

July 6, 2011 at 5:28 am

July 13, 2011 at 6:55 pm

Anu po ang kahulugan ng sambahayan sa economics?

July 13, 2011 at 7:33 pm

Read through the old comments, baka may sagot doon.

July 17, 2011 at 7:20 pm

maiiwasan ba na magkaroon ng kaugnayan ang ekonomiks sa ibang agham ng pag-aaral?

answer pls..

report na namin bukas.

July 21, 2011 at 3:41 am

anu ba ang mga pangyayari bago pa dumating ang mga kastiLa ?? 🙂

July 23, 2011 at 8:35 pm

5 konsepto ng ekonomiks tagalog lang po tnx

July 25, 2011 at 5:01 am

Bago dumating ang mga Espanol, ang Pilipinas ay may sarili nang alpabeto, ang Alibata. Mayroon na ring batas na pinaiiral sa bansa, patunay dito ang kodigo ni Hammurabi. Malawak na rin ang kalakalang panlabas sa bansa. Ang Tsina, Indonesia at Malaysia ay nagkaroon na ng kaugnayan sa bansa sa pamamagitan ng barter. Malawak na rin ang kaalaman ng mga sinaunang Filipino sa paggawa ng sandata, palamuti, palayok, at paghabi. Gumagamit na rin ng salapi ang mga katutubo tulad ng piloncito at gold barter ring. Ito ay pagpapatunay na masigla na ang ekonomikong kabuhayan ng mga sinaungang Filipino bago dumating ang mga Espanol

July 31, 2011 at 8:57 pm

.. ang galing ng gumawa nito ! ang laking tulong .. thanks alot 🙂

August 20, 2011 at 7:51 pm

ano po yung batas ng lumiliit na kapakinabanga?

June 6, 2012 at 6:43 pm

June 9, 2012 at 11:56 am

thanks sa info. ;))) my ass. nako 😀

June 17, 2012 at 1:43 pm

thanks so much sa info! May may preparation na ako. orz nosebleed kasi ako sa Ekonomiks kasi dating English (Social Studies) yun sa’min eh. It really helped. Thank you so much! 😀

June 17, 2012 at 1:57 pm

You’re welcome! Sayang I didn’t manage to write more lessons nung High School pa ako.

June 25, 2012 at 10:09 pm

okay lang po 😀 thank you pa rin po! 🙂

July 1, 2012 at 8:41 pm

pwde bang maki sali dito ?

tourism ako pero gusto ko tlga ma-share ung knowledge ko lalo na sa Social Studies.

paki reply lng po. thanks.

January 28, 2013 at 7:59 pm

hi, nag hahanap kasi ako ng 5 author na pilipino na nagsulat ng kahulgan ng economiks.. at ang knilang meaning thanks.. hope ull help me guys..

June 6, 2013 at 5:24 pm

thanks for help

July 9, 2013 at 6:25 pm

thanks a lot more power!

June 2, 2014 at 8:08 pm

thankz for help

June 4, 2014 at 9:45 pm

Kamsahamnida pro dito 🙂

June 10, 2014 at 8:54 pm

thanks. this helps a lot. 🙂

June 1, 2015 at 6:02 pm

Salamat poH marami poH along natutunan , dahil po rito MA’s naliwanagan lalo ako kung ano ang ibat ibang kahuligan ng ekonomiks

December 17, 2014 at 4:43 pm

salamat talaga !!dahil dito mas naliwanagan pa lalo ako kung ano pa ang ibang kahulugan ng ekonomiks.

June 2, 2015 at 9:41 pm

thank you..God bless you.

June 3, 2015 at 3:24 pm

tnx puh dito GODBLEES O:)

June 7, 2015 at 1:44 pm

Sir/ma’am. Ano po yung Acrostic ng

E- K- O- N O- M- I- K- S-

???????????????????

June 23, 2015 at 10:16 pm

E- edukasyon K- kalikasan O- orihinal N- natural O- opportunidad M- maunlad I- integridad K- kabuhayan S- sangkatauhan

July 9, 2015 at 9:29 pm

Ano po ba ang pagkakaiba ng ekonomiks sa ibang asignatura?

August 1, 2015 at 6:19 pm

Ang ekonomiks ay uri ng Asignatura, ang asignatura naman ay Subject na may ibat ibang branch or uri kasama na dun ang Ekonomiks, Math, english atbp.

June 15, 2016 at 11:20 pm

Ano po ba ang kahulugan ng Ekonomiks sa pang araw-araw na pamumuhay bilang isang mag-aaral, at kasapi ng pamilya at lipunan?

March 20, 2017 at 11:42 am

Ano po ba ang meaning ng economiks sa bawat letter

June 5, 2017 at 2:25 pm

ano ano po ang mahahalagang konsepto sa ekonomiks?

June 5, 2017 at 9:02 pm

Thank you ;*

June 6, 2017 at 2:59 pm

Bakit importante ang Ekonomiya sa ating bansa, at sa buong mundo?

June 13, 2017 at 9:18 pm

ang ekonommiks ay isang salalitaan

June 15, 2017 at 9:37 am

BakiT mahalaga Ang ekonomiya??

June 16, 2017 at 9:23 am

Dahil ang ekonomiya ang tumutulong upang mapaunlad ang ating bansa.

June 5, 2018 at 4:53 pm

Gumawa ka nga ng hugot para sa ekonomics

September 30, 2017 at 10:57 am

para matustusan ang pangangailangan at walang katapusang hingil at luho ng mga mamamayan

June 15, 2017 at 7:46 pm

ang ekonomiks ay isang salita na sinasalita natin

June 16, 2017 at 8:35 am

bulok ang ekonomiks

June 23, 2017 at 9:24 pm

Ano ang mga katangian ng ekonomiya

June 26, 2017 at 3:41 pm

bakit magkakaiba ang kahulugan ng Ekonomiks? Bakit?!

June 9, 2018 at 4:17 pm

Bkit mahalagang pag-aralan ang ekonomiks?

June 10, 2018 at 6:24 pm

sa anong pamaraan na ang kahulugan ng ekonomiks sa pang araw araw na buhay ng tao

June 21, 2018 at 9:23 am

bilang estudyante ano ang kahulugan ng ekkonomiks

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TAGALOG LANG

Learn Tagalog online!

This is a transliteration into Tagalog of the English word.

e·ko·nó·miks economics

The Spanish-derived Filipino term is ekonómiká .

Malaki ang bahaging ginagampanang papel ng ekonomiks sa lipunan. Economics plays a large role in society.

MGA KAHULUGAN SA TAGALOG

Ang economics ay ang agham ukol sa paglikha, pamamahagi, at paggamit ng yaman, kalakal, at serbisyo.

Sa larangan ng agham panlipunan, ang ekonomiks ay ang pag-aaral sa paglikha, pamamahagi, at pagkonsumo ng kalakal.

Ano ang kahulugan ng ekonomiks sa iyong pang-araw-araw na pamumuhay bilang isang mag-aaral?

Bakit mahalaga na suriin ang kasaysayan ng ekonomiks?

Bakit tinaguriang pinakamatanda sa sining ngunit pinakabata sa propesyon ang ekonomiks?

Ano ang pinaka-angkop na kahulugan ng ekonomiks?

Ano ang pinakamahalagang layunin ng ekonomiks bilang isang agham panlipunan?

Paano inilalarawan sa ekonomiks ang mga pangangailangan at kagustuhan ng mga tao?

Bakit kailangan pag-aralan ang ekonomiks?

Ang salitang “ekonomics” ay galing sa Sinaunang Griyegong οἰκονομία (oikonomia, “pangangasiwa ng isang sambahayan, administrasyon”).

Ito ay mula sa οἶκος (oikos, “bahay”) + νόμος (nomos, “pangangasiwa” o “batas”).

One thought on “EKONOMIKS”

hahahaha mga gago

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I Asked Trump the Viral Question About Childcare. What His Answer Tells Us

O n September 5, like millions of parents across America, I got up, got my kids ready for school—and, as always, worried about childcare. “Who’s doing drop-off today,” I wondered to myself. “Will I have to leave that meeting early to get to pick-up? How are we going to make this work?”

But, unlike those millions of parents, after drop off, I came home, put on a suit, and had a rare opportunity: I got to ask former President Donald Trump what he plans to do to fix the problem.

Trump’s  rambling, word-salad of an answer  to my question at the Economic Club of New York set off a firestorm. We’ve learned something about Trump: he has no plan to address the childcare crisis. That much is obvious. But we’ve also learned something about this election: childcare is, for the first time in a national campaign, a top economic issue. 

To be clear, I didn’t  ask Trump  a gotcha question. In fact, it was a softball: “If you win in November, can you commit to legislation making childcare affordable? And, if so, what specific piece of legislation will you advance?”

Name one bill—that’s all. He could have said he’d expand the child tax credit , or reinstate the pandemic-era funding for childcare centers that expired last year, for starters.

Instead, Trump took a hard pivot into his tariff policy, before concluding, “as much as childcare is talked about as being expensive, it’s, relatively speaking, not very expensive compared to the kind of numbers we’ll be taking in.”

But when childcare costs more than rent in all 50 states, when it’s costing our country $122 billion each year in lost earnings, productivity, and revenue, and when childcare prices are rising at nearly double the pace of overall inflation —there’s no question that it is expensive and families are feeling the pain.

Childcare is an economic issue. Full stop.

Parents already know this. They’re the ones sitting at the kitchen table planning out their budgets for the month and seeing on paper that the numbers just don’t add up. As the founder and CEO of Moms First—a movement for affordable childcare, paid family leave, and equal pay—I’ve heard from countless women forced out of the workforce because they had no other way to take care of their families. Even worse are the heart wrenching stories from moms forced to make impossible choices, like deciding between paying for day care and feeding their baby.

Read More: Positive Economic Data Is Still Hiding Bleak Reality for Families

Moms are drowning right now. So it shouldn’t be surprising that Trump’s comments have sparked outrage—from people on  both sides of the aisle .

Trump has never treated childcare as a serious economic issue with consequences for working families. At the debate back in June, he spent more time talking about his  golf game  than about childcare policy. In fact, during his first term, his administration killed a  bipartisan deal  that would have doubled funding for childcare. 

Trump is not alone. Republican leadership has  never  treated childcare as a serious economic issue, either.  JD Vance  is another obvious offender—with his delusional proposal that we fix the crisis by asking grandma to pitch in, or his equally baffling suggestion that education requirements are what is preventing people from becoming childcare workers—not the fact that we  pay them less  than dog walkers. The Democratic Party, on the other hand, has put forward serious policy proposals and yet, every time big, transformative childcare policy is on the table, Democratic leadership has traded it away instead of making it the non-negotiable that American families deserve.

So Trump hasn’t changed—but maybe we have. Maybe  this  was the final straw after years of disrespect from politicians. Maybe parents are bone tired and have reached their breaking point. Maybe we’re ready to express our collective anger and disappointment at the ballot box. 

As we head into the final stretch of the election, one thing is clear: Something has shifted. Childcare finally has been vaulted into the national conversation. 

Candidates, take note. It’s time to treat childcare as a top economic issue because it is. When voters say that they can’t get to work because gas prices are too high, politicians take them seriously and do something about it. When parents say that they can’t get to work because daycare is too expensive, they deserve the same treatment and consideration.

And parents, what we’ve seen in the last week is that childcare can be a galvanizing issue. The biggest mistake that we could make right now is to let the moment fizzle out. Voters need to demand clear, specific childcare plans from their candidates and hold them to their promises at the polls. There’s been a lot of talk this election cycle about whether being a parent makes you more qualified to lead this country. No, you don’t need to be a parent to be president—but you do need to listen to them. And right now we’re demanding what we want, loud and clear.

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[OPINION] 10 years of writing about Philippine economics

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This is AI generated summarization, which may have errors. For context, always refer to the full article.

ALEJANDRO EDORIA

Today marks my 10 th year contributing economics op-ed pieces for Rappler. How time flies! And what a blast it has been!

My longtime editor, Chay Hofileña, likes to joke about this by saying this is my longest relationship yet. Kidding aside, I’m truly grateful to her for taking a chance on the unsolicited email of a 23-year-old graduate student a decade ago, and liking my style of writing about economic issues.

Since then Ma’am Chay – as well as the other lovely and redoubtable Rappler manangs – showed me the ropes and taught me lots about journalism, which I didn’t really study formally. Now I’d like to think my writing is all the better for it.

To date I’ve written 322 articles for Rappler (including this one), initially appearing in the iSpeak and IMHO sections, then graduating into the Thought Leaders section starting September 10, 2016.

Through my pieces, I’ve captured some pretty big developments and shifts in Philippine economics and politics. Let me share with you 10 pieces that encapsulate that journey.

1. Kasambahay Law: Its unintended consequences (January 31, 2013)

The article that started it all. For one reason or another, I felt strongly about this piece of legislation when it was signed into law by the late former president Benigno Aquino III on January 18, 2013. Applying (rather naively, I admit) basic lessons from microeconomics, I argued that legislating the wages of househelps or kasambahay might lead to some of them becoming unemployed if their employers’ couldn’t afford it.

Unfortunately, years later, the implementation of the Kasambahay Law remains poor . Although there are now help desks in DOLE regional offices catering to househelps specifically, many househelps remain unaware of the benefits they’re entitled to under the law. Many employers are also not complying. Monitoring of househelp remains difficult because of DOLE’s lack of staff, as well as the difficulty of gaining access to many househelps’ areas of work.

Economists’ understanding of the minimum wage has also drastically shifted since then. Whereas before economists were deathly afraid of minimum wage hikes (because they supposedly lead to unemployment), the empirical evidence for that is a lot weaker now. In certain contexts, higher minimum wages may even lead to higher employment.

The lessons: just because a law is approved doesn’t mean it will be implemented, and the feared of unintended consequences will pan out. (Maybe the poor implementation itself is also an unintended consequence?) Also, don’t take textbook economic models and theories too seriously.

2. Marcos years marked ‘golden age’ of PH economy? Look at the data (March 5, 2016)

This piece was inspired by the BusinessWorld piece of my former professor, Dr. Emmanuel de Dios of the UP School of Economics, on the same topic. After reading that, I decided to dig deeper, and that got me obsessed about Martial Law economics. I discovered for myself that there’s a ton of empirical data showing that Martial Law was not the country’s “golden age,” and in this piece I shared some of those data.

At that time, I was elated by the splash this article made. But I overestimated the power of data to change people’s minds about an issue, and underestimated the strength of the Marcoses’ propaganda machine, the social media echo chambers, and the cognitive biases that could lead people to prefer falsehoods to truth.

Since then Martial Law economics has been a key research interest. In February 2023, I will be publishing my first book – False Nostalgia: The Marcos Golden Age Myths and How to Debunk Them – combining 7 years’ worth of research on Martial Law economics. The starting point of that journey was this Rappler piece.

3. Free tuition alone won’t make college any more accessible (March 9, 2017)

Through my pieces, I get to indirectly participate in legislative debates and proposals. One of the memorable pieces of legislation in the past years was the free tuition law, that made college education free in all state universities and colleges, as well as local ones.

Using past research and government data, I showed that the richest fifth of tertiary students are overrepresented vis-à-vis the poorest fifth. So, arguably, the free tuition law stands to give billions worth of subsidies to rich kids who can actually afford to pay for college tuition. What a waste! This subsidy of course posed as a fiscal strain: why should the government subsidize the rich this way?

I remember receiving praise from colleagues saying the original article (there was also a follow-up piece in 2019) was a great use of statistics to argue for sound economics. But I remember receiving a lot of flak as well on Twitter from those from the Left (especially the young ones), saying I should stop spewing such “neoliberal” BS. The attacks were so intense I had to leave Twitter for a few days and let things subside.

As with many legislative proposals, politics and populism trump economics. Former president Rodrigo Duterte signed the free tuition law in August that year.

I realized then that my pieces can be quite triggering for some groups ascribing to certain closely held narratives or ideologies. But so long as I’m using data and evidence to back up my claims, I should be fine.

4. Why is Philippine inflation now the highest in ASEAN? (September 6, 2018)

Discussing macroeconomic statistics and trends is a recurring theme of my Rappler pieces. In fact, macro developments have significantly shifted my teaching and research interests in this direction (vis-à-vis microeconomics).

One of the more memorable trends I wrote about was the spell of high inflation in 2018. That year inflation reached a nine-year high, and was also the highest inflation rate in ASEAN around September and October. I had fun triangulating the reasons for this, with factors ranging from the rice shortage brought about by the Duterte administration, the rising trade deficit, inflation expectations, and the ill timing of the TRAIN law, which raised excise taxes just as world oil prices were rising.

I also rebutted claims by the Duterte economic managers then that rising inflation was “not alarming” and “quite normal in a fast-growing economy.” Such rebuttals have irked the economic managers a number of times, based on reports from my friends in different agencies. Little do those officials know that I receive a lot of positive feedback (even encouragement) as well from many economist colleagues, who are just constrained from speaking out in one way or another.

5. Dengvaxia scare: How rumors caused viral outbreaks (January 16, 2019)

I use my Rappler pieces to show that economics can be related to other fields of study, such as public health.

I particularly liked writing this piece about the ill effects of the Dengvaxia scare perpetrated by certain personalities of the Duterte administration. In a nutshell, disinformation surrounding the new dengue vaccine spilled over to other vaccines, and parents ended up not having their children take basic shots for measles and like diseases. Hence, all sorts of otherwise preventable epidemics spread across the country. The opening sentence captured it rather nicely: “Fake news can kill, and the Dengvaxia scare is a perfect example of it.”

This was a perfect illustration of so-called “negative externalities” in economics. And I remember incorporating this piece in my microeconomics classes back then. Little did we know that the Dengvaxia scare would presage the even greater troubles wrought by the global pandemic just one year later.

6. Dismal PISA rankings: A wake-up call for Filipinos (December 4, 2019)

Education issues have always been close to my heart, and I was particularly devasted by news that we ranked so poorly in the 2018 Programme for International Student Assessment (PISA). Specifically, we ranked dead last in reading, and second to last in math and science.

Later, even more bad news came when we also ranked dead last in the 2019 TIMSS (Trends in International Mathematics and Science Study). Meanwhile, the first ever Southeast Asia Primary Learning Metrics in 2019 also showed that 9 in 10 schoolchildren in the Philippines can’t read basic texts.

Long story short, we’re experiencing a full-blown education crisis – undoubtedly worsened by the pandemic, what with the extremely long school closures and the “learning losses” from online classes.

I argued that all these studies ought to be a wake-up call for Filipinos. But the attitude from education officials has been characterized by denialism and gaslighting. The Department of Education, for instance, complained that they were not consulted for a World Bank education report. After that, the World Bank took down their report from their website. I wrote about this in “ 8 facts from WB education report they don’t want you to read .”

7. Why Filipinos need to stay at home until June (or even longer) (March 19, 2020)

By far my most viral piece ever (pun unintended). I wrote about this days after Duterte imposed the first COVID lockdown nationwide. At the time, everyone was at a loss about what’s going on, and nobody knew until when Duterte’s strict lockdowns would last.

I saw some analyses on Facebook by experts in biomedical data and biostatistics, showing the exponential rise of COVID-19 cases that necessitates prolonged lockdowns up to at least June that year. This was quite concerning to a lot of people: many people thought the lockdowns would just last days or a few weeks.

But little did we know that the lockdowns would be a lot longer than that, with some form of mobility restrictions lasting up to 2 years or more, with varying degrees of strictness nationwide (I discovered recently that the lockdowns were very severe in places like Camiguin Island). Also, the lockdowns would turn out to be a political tool of the Duterte administration to subjugate people, especially the poor.

COVID would dominate a lot of my Rappler pieces since then: constituting maybe a fourth of all my pieces, ranging from the economics of lockdowns , the health versus economy trade-off , the inadequate and slow distribution of economic aid , the glacial pace of vaccination , the Duterte government’s wrong budget priorities (I collaborated a lot with my friends Zy-za Suzara and Luis Abad on this topic), and pandemic-related corruption (e.g., Pharmally).

Fast-forward to 2023, our lives are normalizing now. But I’m glad to be able to document the economics of the pandemic through Rappler; later I might just write a book about it.

8. 10 Build, Build, Build projects that started in previous admins (June 23, 2021)

My Rappler columns are often a venue to debunk some of the lies and misconceptions said by government officials. And quite a few people look forward to my pieces when it comes to economic mistruths.

The Duterte administration was particularly fond of boasting about its “flagship” economic project, an infrastructure spending spree called “Build, Build, Build” (BBB). However, upon closer inspection, many of projects under BBB were in fact started by previous administrations. My friend Zy-za Suzara, formerly with the Department of Budget and Management, co-wrote this piece with me on the rampant credit-grabbing of the Duterte administration.

Some other pieces I wrote on economic lies include those about the “ Duterte Legacy ,” the statistics behind the war on drugs , the TRAIN law , and the recurring claim that we would soon be an “ upper-middle income country ” (we’re still not).

9. Malubha ang state of the nation (July 23, 2021)

Up until the middle of 2021, I’ve been writing almost exclusively in English. But months before the pivotal 2022 elections, there was growing concern about the looming possibility of another Marcos presidency. And I figured I needed to write more in Filipino (if not exclusively in Filipino) to try to reach a wider audience with my economics pieces, especially those that would figure in the electoral debates and discussions. I started with this piece, on the last State of the Nation Address of former president Duterte.

Writing in Filipino was quite liberating for me: I could write quicker, and I could use the nuances of everyday language in a way I couldn’t do with English. For instance, I found myself incorporating more jokes and witticisms, as well as pop culture references. Most of all, I discovered that there was indeed a huge reader base of articles in Filipino: interactions and engagement with my pieces blew up.

I wrote in Filipino until end of 2022, and switched back to English just recently. But I may still put in some Filipino pieces here and there.

10. Budol of the century (May 12, 2022)

Even if my column is primarily about economics, I can’t avoid writing about politics from time to time. This piece was written a few days after the 2022 elections, when the partial and unofficial results showed that another yet Marcos would sit in Malacañang.

Apart from showing some of the election results across the regions, I explored possible reasons for the landslide win of the teamup between Bongbong Marcos and Sara Duterte. These include intense regionalism (which pervades much of everyday life, culture, and politics), “networked disinformation,” historical distortions, and the broken educational system. These are pretty much the same issues that led to the landslide win of administration senators in the 2019 midterm elections, which I also wrote about in “ Why is Duterte still so popular ?”

All in all, writing for Rappler in the past decade has been an unalloyed boon for me and my career. My writing has made me grow as a writer and economist, and I’ve also made a ton of new friends along the way. (I’ve irked some people, too, from all sides of the political spectrum. But I guess that’s an occupational hazard, and one more measure of the impact of one’s writing.)

Here’s to another 10 years of writing for Rappler! – Rappler.com

JC Punongbayan, PhD is an assistant professor at the UP School of Economics and the author of the forthcoming book, False Nostalgia: The Marcos Golden Age Myths and How to Debunk Them . JC’s views are independent of his affiliations. Follow him on Twitter ( @jcpunongbayan ) and Usapang Econ Podcast .

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How to Write a Good Economics Essay

Last Updated: July 16, 2024 References

This article was co-authored by Emily Listmann, MA . Emily Listmann is a Private Tutor and Life Coach in Santa Cruz, California. In 2018, she founded Mindful & Well, a natural healing and wellness coaching service. She has worked as a Social Studies Teacher, Curriculum Coordinator, and an SAT Prep Teacher. She received her MA in Education from the Stanford Graduate School of Education in 2014. Emily also received her Wellness Coach Certificate from Cornell University and completed the Mindfulness Training by Mindful Schools. This article has been viewed 129,594 times.

A good economics essay requires a clear argument that is well-supported by appropriately referenced evidence. Research your topic thoroughly and then carefully plan out your essay. A good structure is essential, as is sticking closely to the main essay question. Be sure to proofread your essay and try to write in formal and precise prose.

Preparing to Write Your Essay

• For example a question such as “Discuss the macroeconomic consequences of rising house prices, alongside falling interest rates” could be divided into 2 parts: 1 part could be on the effects of rising prices, and 1 on the effects of falling interest rates.
• In this example you could begin by discussing each separately and then bringing the 2 together and analysing how they influence each other.
• Be sure to keep the question at the forefront of your mind and don’t veer off topic. [1] X Research source

• Be sure that you understand all the key terms that you are being asked about.
• Try to keep your reading focussed closely to the essay question.
• Don’t forget to look at any lecture or class notes you have made.
• 3 Come up with a thesis statement . A thesis statement is the main argument you will make in your essay. It should be 1-2 sentences long and respond to the essential question that’s being asked. The thesis will help you structure the body of your essay, and each point you make should relate back to the thesis.

• Once you have put together a list of key points, then try to add in some more detail that brings in elements from your research.
• When you come to write out your essay, you can develop a paragraph based on each point.

• All of the evidence and explanation will be in the main body of the essay.
• Order the key points in the body of your essay in such a way that they flow logically.
• If you are writing a longer essay, you can break the main body into different sections. [2] X Research source
• If you have a word limit, be sure to take this into account when you are planning.
• Allocate yourself a rough number of words per section.
• The introduction and conclusion can be just a paragraph each.

Writing the Essay

• What your essay is about.
• What material you will cover in the essay.
• What your argument is. [3] X Research source

• Having this stated clearly at the start can help you to stay focussed on the question as you work your way through the essay.
• Try writing out this one or two sentence statement and sticking it up in front of you as you write, so it’s stays at the forefront of your mind.

• Try to begin each paragraph with a sentence that outlines what the paragraph will cover.
• Look at the opening sentence of each paragraph and ask yourself if it is addressing the essay question. [5] X Research source

• Try to engage with arguments that run counter to yours, and use the evidence you have found to show the flaws.
• It might help to imagine someone reading the essay, and anticipating the objections that he might raise.
• Showing that you have thought about potential problems, and you can make an argument that overcomes them, is a hallmark of an excellent essay. [6] X Research source
• If there is conflicting evidence, discuss it openly and try to show where the weight of the evidence lies.
• Don’t just ignore the evidence that runs counter to your argument.

• In the conclusion you can add a few sentences that show how your essay could be developed and taken further.
• Here you can assert why the question is important and make some tentative suggestions for further analysis.

Proofreading and Making Revisions

• As you read through it, think about how closely you stick to main overarching question.
• If you notice paragraphs that drift off into other areas, you need to be tough and cut them out.
• You have a limited number of words so it’s essential to make every one count by keeping tightly focussed on the main question.

• Think about how you use the evidence too. Do you critically engage with it, or do you merely quote it to support your point?
• A good analytical essay such discuss evidence critically at all times.
• Even if the evidence supports your argument, you need to show that you have thought about the value of this particular piece of data.
• Try to avoid making any assumptions, or writing as if something were beyond dispute.

• Remember an academic essay should be written in a formal style, so avoid colloquialisms.
• Avoid contractions, such as “don’t”, or “won’t”.
• Try to avoid paragraphs that are more than ten or fifteen lines long.
• Think about how it looks on the page. [8] X Research source

• Always include a bibliography, but don’t include references to things you haven’t read or didn’t inform your argument. [9] X Research source
• Your teacher will know if you just add a load of titles into your bibliography that are not evidenced in the body of your essay.
• Always follow the bibliography format used by your department or class.

Community Q&A

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• ↑ http://www.economicshelp.org/help/tips-economic-essays/
• ↑ http://www.writing.utoronto.ca/advice/planning-and-organizing/organizing
• ↑ http://carleton.ca/economics/courses/writing-preliminaries/academic-essay-writing/
• ↑ https://www.economicsnetwork.ac.uk/archive/lse_writing/page_11.htm
• ↑ https://www.royalholloway.ac.uk/economics/documents/pdf/essaywriting-departmentofeconomics.pdf

About This Article

Before you begin writing your economics essay, make sure to carefully read the prompt so that you have a clear sense of the paper's purpose and scope. Once you have read the prompt, conduct research using your textbook and relevant articles. If you cannot find research materials, ask your instructor for recommendations. After your research is done, construct a 1-2 sentence thesis statement and begin outlining your main ideas so that your essay will have a clear structure. Make sure to leave time to write a draft and revise your work before it is due. If you want to learn more, like how to cite the sources you used for your essay, keep reading the article! Did this summary help you? Yes No

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Growth and Productivity in the Philippines: Winning the Future

Rong Qian, Senior Economist

As Prepared for Delivery

Good morning everyone. I am very excited to present you our Growth and Productivity in the Philippines report. As the title says, it’s about winning the future of the Filipino people.  

Growth and productivity seems to be technical to many, so we tried to interview some people to see what they think about growth and productivity and how people could benefit from it.  So, I’d like to show you a video.  

IT IS POSSIBLE, THE FILIPINO CAN! 

The report takes a long term perspective on the Philippines’ growth performance with a special focus on productivity. Productivity was analyzed at aggregate, sectoral and firm levels. Then the report identifies constraints to economic growth and productivity, assesses the prospects for achieving the Philippines’ vision for a prosperous middle-class society as stated in the Ambisyon 2040, and discusses what needs to be done to make it happen.  

This report has three important messages: 

• To achieve the national Ambisyon, the Philippines needs to triple GDP per capita in two decades. The Philippines has done it before but there are challenges.  
• High growth is not enough. More could be done to make it more inclusive.  
• Most important reform to pursue is to level the playing field to promote competition. Real competition benefits everyone, especially the poor.  

Now, let me elaborate:   

To make the Ambisyon more concrete, there are two goals the country needs to achieve. First, a growth target, tripling income per capita. Second goal is a country free of poverty. 

To achieve the national Ambisyon, the Philippines needs to triple GDP per capita in two decades. The Philippines has done it before but there are challenges.  

Currently income per capita is around 3000. In 2000, income per capita was around half of that, which means income per capita doubled in 17 years by growing 5.3% every year in average. To achieve the ambition, by 2040, income per capita needs to reach over 9000 which is more than three times the current level. The Philippines needs to sustain an average of 6.5 percent  until 2040.  

Remember that the Philippines went through a long period of political and macroeconomic instability and only started to recover in the 1990s. But the economy not only recovered but thrived in the 2000s and became one of the top growth performers in the region.  

So how did the Philippines do it?  

By implementing difficult reforms that started in late 1980s. Reforms that improved trade openness, opened and deepened the financial sector, and developed infrastructure.  These reforms were accompanied by prudent fiscal and macroeconomic policies, and we must also acknowledge the favorable external environment.  

Looking back, we can see that the Philippines CAN implement reforms to accelerate and sustain high growth.   

First, the Philippines needs to accelerate physical investment, roads, bridges, airports are examples of physical investment. We need to develop the country’s infrastructure. The Philippines has been investing little in physical capital compared to regional peers over the last two decades, so there’s an opportunity to accelerate growth by investing in infrastructure. 

Second, the Philippines needs to sustain high productivity growth. By productivity I mean how the economy efficiently uses its resources to produce goods and services. Productivity contribution to growth has been increasing rapidly since 2000, thanks to the reforms that were implemented in the 80s and 90s paying off across the economy. Going forward, it will be crucial to sustain this high productivity growth to reach the income target of the Ambisyon. But remember, this is growth rate, it means the country needs to continuously improve the efficiency of how to do things.  

Having a fair playfield in the market is important to encourage firms to enter the market, to expand and to innovate. A fair playing field means competition is strong, and that it is easy for firms to enter and exit the market. Sadly, competition in the Philippines is not as strong compared to other countries as many sectors are dominated by only a few firms.  A clear example is the current telecom industry which has only two players that don’t really compete with each other. While other countries in the region has increased number of operators in the market over the years, Philippines mobile market instead passed from being oligopolistic to being duopolistic. There was an episode of a third player in 2003 (Sun cellular that brought competitive plans) but was bought out by PLDT in 2011. Interestingly between 2003 and 2011, number of subscription lines grew 23% between those years, while between 2011 and 2015 it was only 5.8%.  

Part of the reason for the duopolistic nature has to do with FDI restrictions which insulate Philippine telecoms from foreign competition and restrict investment in infrastructure.  

As a result, the mobile and internet coverage is lower in the Philippines and they are more expensive than regional peers. For instance, the mobile phone service cost twice in the philippines than Indonesia and three times the average of EAP.  

Another example is the transport sector which is the most dominant mode for transport goods within the country. While the sector is characterized by having many small firms, there are a number of restrictions that prevent entry for more firms. For instance, trucks need a license to operate in the market which requires dealing with 8 government agencies. And remember, a lot of goods we consume in Metro Manila, probably ½ of the cost is on transport, so by bringing more competition in the sector, prices of the goods could be reduced.  

Trade opens up a country to foreign competition, but Philippines is not trading enough. This is despite having low tariff rates. The main reasons are higher logistic costs (for example transportation cost within Philippines is very high, storage is also expensive, all in all logistic cost is double in the Philippines than Thailand and substantially higher than Vietnam) and stricter non-tariff measures than regional peers.  

Those firms that do export, although that is less than 10% of all firms in the country, they are substantially more productive.  

Foreign investment not only provides finance for the country but also brings knowledge. When a foreign company invests in a local firm, it injects money and brings the know-how, which helps the firm to become more productive (or efficient).  

While Foreign Direct Investment (FDI) has been increasing steadily in recent years, it remains low compared to regional peers. For instance, average FDI in the Philippines is less than half of Malaysia and less than a third of Vietnam between 2011-16  

Moreover, direct investment to sectors (agriculture, manufacturing and services) is even smaller, less than a third of total FDI. This means knowledge spillover from abroad has been limited.  

When we look at the firms that do receive foreign capital, which is less than 10% of all firms, they are an average more productive. And the higher the share of foreign capital in the firms, the more productive they are. This is a clear indication that FDI brings knowledge, boosting productivity growth in firms.  

Labor is a crucial part of production input in a country. For the firms to expand, innovate and to become productive, it is important that firms find the right workers quickly and efficiently. In addition, it is important that firms invest in workers by giving them proper training, and that workers want to learn. These conditions are crucial for productivity growth. 

The labor market in the Philippines is rigid due to cumbersome regulations. According to the World Economic Forum indicator for ease of hiring and firing, the Philippines has higher costs than all regional peers. For example, it is not easy to hire someone. There are numerous requirements for the workers to get clearances before starting to work for a company, and sometimes it could take weeks or months for the potential worker to get those clearances, not to mention the expenses they have to incur. Similarly, when a company wants to dismiss a worker because his volume of business has declined, it has to go through a lengthy administrative process. As a result of labor market rigidities, informality is high in the Philippines reaching to 70 percent of non-agriculture employment.  High informality is not good for productivity growth because it’s hard for firms to want to give workers training when they are just temporary workers.  

Our second message? High growth is not enough. More could be done to make growth more inclusive. 

Let’s look back how the Philippines has performed before.  Poverty declined between 2000 and 2015 but the pace was slower than other countries in the region. For example, Vietnam lifted almost 60% of its population out of poverty between 2002-14 compared to less than 10% in the Philippines between 2000-15. This means… the country needs to do more to accelerate poverty reduction if we want to achieve the national vision.  

Why progress on poverty was slow despite rapid growth? Let me show you a picture.  

What do you see? Where do you think this is? It looks like Singapore to me. Where is that one? That’s Manila. But wait…. This photo is not Singapore, but also Manila, and not far away from where the right photo is. There seems to be two worlds in one place. 

This dichotomy is reflected in this figure. The first line shows how much output the average worker produces, and the second line is the average real wage. You can think of real wage as purchasing power. How much can you buy with your salary.  

Output per worker increased more than 50% over this period. But real wage grew zero, which means the workers have not benefitted from the productivity growth. 

Based on evidence, the report argues that weak market competition is one of the key reasons real wage did not grow.  

Let’s move to our last key message which is about proposed reform areas. The reform areas that we emphasize aims to create an equal playfield for all.  

First, to improve domestic competition, we propose to: 

• Increase competition in selected sectors that have large effect to the rest of the economy such as telecommunications, electricity, and transport sectors, so we can lower the costs of these services. 
• Improve ease of doing business so firms can function efficiently, spend less time in complying with paperwork. New firms can enter into the market easily.  

To improve foreign competition and get more foreign investment, in addition to the previous two recommendations. We also recommend: 

• Reduce restrictions on foreign investors (e.g., allow foreign competition in sectors and reduce equity limits), which specifically tackle barriers to foreign investors 
• Lower non-tariff barriers since it has been found as one contributing factor to lower trade 

To make labor market less rigid, we propose to:  

• Reduce costs and simplify procedures for hiring and firing workers which is part of ease doing business.  
• Make regular employment contracts more flexible so more long term hiring would be encouraged, and firms and workers are encouraged to improve and become more productive. 

Let me close with our top messages:  

FIRST, To achieve Ambisyon Natin 2040, the Philippines needs to triple GDP per capita in two decades. The Philippines has done it before but there are challenges.  

SECOND, High growth rate is not enough. More could be done to make growth more inclusive.  

And THIRD, Most important reform to pursue is to level the playing field to promote competition. Real competition benefits everyone, especially the poor. 

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• Introduction

Historical development of economics

• Methodological considerations in contemporary economics
• Fields of contemporary economics

economics , social science that seeks to analyze and describe the production, distribution, and consumption of wealth. In the 19th century economics was the hobby of gentlemen of leisure and the vocation of a few academics; economists wrote about economic policy but were rarely consulted by legislators before decisions were made. Today there is hardly a government, international agency, or large commercial bank that does not have its own staff of economists. Many of the world’s economists devote their time to teaching economics in colleges and universities around the world, but most work in various research or advisory capacities, either for themselves (in economics consulting firms), in industry, or in government. Still others are employed in accounting , commerce, marketing , and business administration; although they are trained as economists, their occupational expertise falls within other fields. Indeed, this can be considered “the age of economists,” and the demand for their services seems insatiable. Supply responds to that demand, and in the United States alone some 400 institutions of higher learning grant about 900 new Ph.D.’s in economics each year.

(Read Milton Friedman’s Britannica entry on money.)

No one has ever succeeded in neatly defining the scope of economics. Many have agreed with Alfred Marshall , a leading 19th-century English economist, that economics is “a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment, and with the use of the material requisites of wellbeing”—ignoring the fact that sociologists, psychologists, and anthropologists frequently study exactly the same phenomena. In the 20th century, English economist Lionel Robbins defined economics as “the science which studies human behaviour as a relationship between (given) ends and scarce means which have alternative uses.” In other words, Robbins said that economics is the science of economizing. While his definition captures one of the striking characteristics of the economist’s way of thinking, it is at once too wide (because it would include in economics the game of chess) and too narrow (because it would exclude the study of the national income or the price level). Perhaps the only foolproof definition is that attributed to Canadian-born economist Jacob Viner : economics is what economists do.

Difficult as it may be to define economics, it is not difficult to indicate the sorts of questions that concern economists. Among other things, they seek to analyze the forces determining prices —not only the prices of goods and services but the prices of the resources used to produce them. This involves the discovery of two key elements: what governs the way in which human labour , machines, and land are combined in production and how buyers and sellers are brought together in a functioning market . Because prices of the various things must be interrelated, economists therefore ask how such a “price system” or “market mechanism” hangs together and what conditions are necessary for its survival.

These questions are representative of microeconomics , the part of economics that deals with the behaviour of individual entities such as consumers, business firms, traders, and farmers. The other major branch of economics is macroeconomics , which focuses attention on aggregates such as the level of income in the whole economy, the volume of total employment, the flow of total investment , and so forth. Here economists are concerned with the forces determining the income of a country or the level of total investment, and they seek to learn why full employment is so rarely attained and what public policies might help a country achieve higher employment or greater price stability.

But these examples still do not exhaust the range of problems that economists consider. There is also the important field of development economics , which examines the attitudes and institutions supporting the process of economic development in poor countries as well as those capable of self-sustained economic growth (for example, development economics was at the heart of the Marshall Plan ). In this field the economist is concerned with the extent to which the factors affecting economic development can be manipulated by public policy.

Cutting across these major divisions in economics are the specialized fields of public finance , money and banking , international trade , labour economics , agricultural economics , industrial organization, and others. Economists are frequently consulted to assess the effects of governmental measures such as taxation , minimum-wage laws, rent controls, tariffs , changes in interest rates, changes in government budgets , and so on.

The effective birth of economics as a separate discipline may be traced to the year 1776, when the Scottish philosopher Adam Smith published An Inquiry into the Nature and Causes of the Wealth of Nations . There was, of course, economics before Smith: the Greeks made significant contributions, as did the medieval scholastics, and from the 15th to the 18th century an enormous amount of pamphlet literature discussed and developed the implications of economic nationalism (a body of thought now known as mercantilism ). It was Smith, however, who wrote the first full-scale treatise on economics and, by his magisterial influence, founded what later generations were to call the “English school of classical political economy,” known today as classical economics .

• Department of Economics >

What is Economics?

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Economics is the study of scarcity and its implications for the use of resources, production of goods and services, growth of production and welfare over time, and a great variety of other complex issues of vital concern to society. 

Economics is More than Numbers

Economics is a social science with stakes in many other fields, including political science, geography, mathematics, sociology, psychology, engineering, law, medicine and business. The central quest of economics is to determine the most logical and effective use of resources to meet private and social goals. Production and employment, investment and savings, health, money and the banking system, government policies on taxation and spending, international trade, industrial organization and regulation, urbanization, environmental issues and legal matters (such as the design and enforcement of property rights), are just a sampling of the concerns at the heart of the science of economics.

Economics is Personal (Microeconomics)

Microeconomics studies the implications of individual human action, and is key to a person's financial health. Personal resources are scarce, too! One can always use another dollar, hour of time, or new skill. Achieving the most satisfactory allocation of one’s resources is crucial, and studying allocation problems improves one’s ability to make both daily and life-long decisions. Some examples of common day-to-day economics questions include: Should I pay cash, borrow or sign a lease to get that new car? Should I take out a home-equity loan or invest in the stock market? Should I open a 401K plan now or wait until next year? Economists understand how to make these decisions in their own lives, and can advise others on a personal or professional level. 

Economics is Universal (Macroeconomics)

Macroeconomics studies how the economy behaves as a whole, including inflation, price levels, rate of growth, national income, gross domestic product and changes in employment rates. Some of the important questions American economists try to answer include: “In a nation as rich as the U.S., why are so many people under-employed?” and “Who determines how much money is circulating in the U.S.?” From politicians to educators to journalists to urban planners, a thorough understanding of macroeconomics has a strong impact on leadership skills, decision-making and the ability to plan for a flourishing social future. To meet this need, the Department of Economics has designed a multidisciplinary curriculum that prepares students to maneuver seamlessly from one area of focus to another.

Economics is for You

If you want to understand wealth, poverty, growth, trade, money, jobs, income, depression, recession, prices and monopolies, and study what makes the world work from day to day, you will be fascinated by the complex field of economics!

Importance of economics in our daily lives

Economics affects our daily lives in both obvious and subtle ways. From an individual perspective, economics frames many choices we have to make about work, leisure, consumption and how much to save. Our lives are also influenced by macro-economic trends, such as inflation, interest rates and economic growth.

Summary – why economics is important

• The opportunity costs we face in deciding what to buy – how to use time
• How to maximise our economic utility and avoid behavioural bias
• How the macro-economic – inflation, economic growth and employment prospects affect our living standards.
• Individual markets like housing market can influence our standard of living.
• Understanding issues like externalities. We may not like paying petrol tax, but if we see it helps to reduce pollution and congestion and the tax revenue is used to subsides public transport, it gives a different perspective.

Economic choices – opportunity cost

We are constantly faced with choices. It may be a matter of limited time. For example, at the weekend:

• We could spend 8 hours working in a cafe at the Minimum Wage of £7.83
• Or we could spend 8 hours studying for our A-Levels.
• Alternatively, we could choose to spend 8 hours of leisure (sleeping in, Facebook e.t.c.)

Each choice has an opportunity cost. The opportunity cost of earning 8*£7.83 = £62.64 is that we don’t have time to study. This could lead to poorer exam results, which could lead to lower future earning potential. Choosing to maximise our income in the short term (earning £62 a day) may reduce our lifetime earnings and could be a poor decision – unless working in a cafe doesn’t affect our future earnings. We may feel job experience more useful than an essay on allocative efficiency.

The problem is that when making decisions about whether to study, work or pursue leisure, we may forget or ignore long-term effects. Deciding to spend all our free time earning £62 is something we may regret later in life. Economists suggest education is a merit good – meaning people may underestimate the benefits of studying. Under-consumption of education is an example of market failure.

Considering opportunity cost can help us make better decisions. If we act on instinct, we may choose the most pleasurable or easiest course of action, but the best decision in the short term may not be best in long term.

Choice of study vs leisure

A production possibility frontier showing a simple trade off – time spent working or time spent on leisure.

Another important element of life is work. Which job will give the most satisfaction? It is not just about finding a well-paid job, we tend to gain most job satisfaction when we feel part of the process and a degree of responsibility and influence. Behavioural economists such as Dan Ariely have examined motivations for work and find that income/bonuses is less important than suggested by neo-liberal economic theory.

Nudges and rational behaviour

In traditional economics, it is assumed individuals are rational and utility maximising. In other words, it is assumed we calculate decision to maximise our economic welfare – spending money only on those goods which give us satisfaction.

However, behavioural economists note that we are often influenced by irrational and non-utility maximising influences. For example, companies which ‘ nudge ‘ us to make decisions which harm our welfare – e.g. super-sized portions, we don’t really need but cause us to become less healthy.

The importance of the insights of behavioural economics is that we can become aware of factors which may cause us to make sub-optimal decisions. We can try to resist commercial nudges – which encourage us to consume goods which don’t really benefit us.

Behavioural economics and bias

A recent development in economics is the work of behavioural economics – which places more emphasis on elements of psychology. For example, are humans really rational utility maximisers – as suggested by traditional economic theory? Behavioural economics suggests not – but humans are influenced by emotional factors, such as loss aversion (we prefer the status quo, to losing what we have), present time period bias .

Importance of the macroeconomy on our daily lives

When making decisions we don’t tend to first look at leading economic indicators. But, perceptions about the economic outlook can influence certain decisions. For example, those aware of the current economic situation may be aware the depth of the recession which makes a period of low-interest rates more likely. This suggests that if you could get a mortgage, mortgage payments would be cheaper, but, saving would give a poor return.

However, the bad state of the economy and high unemployment rate is a factor that may encourage students to stay on and study. Since youth unemployment is currently very high, it makes more sense to spend three years getting a degree rather than going straight on to the job market.

The only problem is that many other students are thinking the same. Hence the competition for university places is becoming much stronger.

How to survive a period of inflation?

Suppose, we are living in a period of high inflation, how would that affect our economic welfare?

The real value of our savings will decline – unless we can secure an interest rate higher than the rate of inflation. In periods of high inflation, it may be advisable to take out index-linked savings – saving accounts and bonds which give an interest rate related to the inflation rate.

If we cannot secure a good interest rate, an option is to invest in commodities or assets which can protect their value better than ordinary savings accounts

How will we be affected by rising interest rates?

If interest rates increase, then it will increase the cost of mortgage payments and interest on loans and credit cards. It can be problematic for individuals who are over-extended on credit. Higher interest rates can also lead to a slowing economy and increase the risk of unemployment.

Mortgage affordability. High-interest rates in the late 1980s caused mortgage payments to take over 50% of take-home pay from households.

See The effect of higher interest rates .

If we are considering investing in the stock market or housing market, what can economics teach us?

One cautionary tale is that of irrational exuberance – avoid getting caught up in asset booms – where investor confidence gets carried away and people end up buying shares/assets – even though the price has become overvalued.

Externalities

When choosing what to consume and produce, we often ignore externalities. For example, driving into city centre may contribute to pollution and congestion. The social cost of driving is higher than the private cost. Would our living standards be increased by supporting a congestion charge? At first glance, no – we pay higher taxes. But, if there are external costs a higher tax can lead to a more socially efficient level.

A tax can shift output from Q1 to Q2 (which is more socially efficient)

Limitations of economics

As a final thought – is economics overvalued? As a society do we give too much weighting to maximising income, profit and GDP? In a sense, traditional economics encourages us to view life from an economic/monetary perspective. But, perhaps this causes us to miss out on more important issues, such as spiritual understanding, concern for the environment, concern for others and getting the correct work/life balance.

• Economics in everyday life
• The importance of economics

10 thoughts on “Importance of economics in our daily lives”

Economics is important but sometimes I feel that people like us, accounts in the end fail in many other aspects of life because economics is always our main consideration.

economics is the one important in our daily life.but some people can appreciate how important this.we need to cooperate all people in fair situation like reach even if poor.

,,kathrina,,

ECONOMICS IS IMPORTANT IN OUR DAILY LIVING BECAUSE IT MAKES USE OF SCIENTIFIC PROCEDURE OF FINDINGS.

it isimportant coz it widens our undersatnding which in turn improves the standards of living

economic is important because its science as we as art…….. now how much science and art are important ?……. woooooooooo

Thank you for this informative article on how economics affects our daily lives. I found the opportunity cost to be very interesting, like when you mentioned how we all make choices about what to do with our time and could spend either 8 hours working, 8 hours studying, or 8 hours doing something fun or relaxing. It’s tough to make economic choices on a daily basis but this article was a great beginning insight into how beginning economics work.

This article was very helpful and informative.👍

I have been looking for this Economics of Everyday Life article since long time. Thanks author.

very helpful article, but please help us with references next time. thank you

Comments are closed.

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What Is Economics?

Introduction

Economics is about making choices. We make all kinds of choices every day. How much should I spend on gas? What’s the best route to work? Where should we go for dinner? Which job or career should I go for? What are the pros and cons of finishing college versus taking a job or inventing the next, best Internet startup? Which roommate should take care of washing the dishes? Can I get that dog as a pet? Should I get married, have children, and if so, when? Which politician should I vote for when they all claim they can improve the economy or make my life better? What is “the economy,” anyway? What if my personal or religious principles conflict with what people tell me is in my best economic interest?

Many people hear the word “economics” and think it is all about money. Economics is not just about money. It is about weighing different choices or alternatives. Some of those important choices involve money, but most do not. Most of your daily, monthly, or life choices have nothing to do with money, yet they are still the subject of economics. For example, your decisions about whether it should be you or your roommate who should be the one to clean up or do the dishes, whether you should spend an hour a week volunteering for a worthy charity or send them a little money via your cell phone, or whether you should take a job so you can help support your siblings or parents or save for your future are all economic decisions. In many cases, money is merely a helpful tool or just a veil, standing in for a partial way to evaluate some of the goals you really care about and how you make choices about those goals.

You might also think economics is all about “economizing” or being efficient–not making foolish or wasteful choices about how you spend or budget your time and money. That is certainly part of what economics is about. However, that’s just the tip of the iceberg. We all know that we can save money or time by being more efficient in our planning. A trip to the supermarket can be coordinated with a trip to take your child to school or to deposit a check at the bank across the street to save on gas. But we sometimes don’t choose the most efficient options. Why not? Economics is also about plumbing the depths of why we sometimes do and sometimes don’t make what seem like the most economizing or economical choices.

Is economics a science (like physics), or is it a social science, or even an art? What is the difference, and what do we know about what we can’t or don’t know for now? Can economic problems be solved by better government, more experts, bigger computers, more engineering, better education, less government, more dispersed knowledge, more markets? How can we make informed choices?

You’ve probably heard that economists disagree about a lot of things. Actually, what economists disagree about is politics or public policy, not economics. Exploring the interface between politics and economics is part of the fun.

On this page are some famous, standard definitions about what economics is all about.

Definitions and Basics

Economics is the study of given ends and scarce means. Lionel Robbins , biography, from the Concise Encyclopedia of Economics :

Robbins’ most famous book was An Essay on the Nature and Significance of Economic Science , one of the best-written prose pieces in economics. That book contains three main thoughts. First is Robbins’ famous all-encompassing definition of economics that is still used to define the subject today: “Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses.”…

What is “political economy”? Chapter I, Principles of Economics , by Alfred Marshall.

Political Economy or Economics is a study of mankind in the ordinary business of life; it examines that part of individual and social action which is most closely connected with the attainment and with the use of the material requisites of wellbeing. Thus it is on the one side a study of wealth; and on the other, and more important side, a part of the study of man. For man’s character has been moulded by his every-day work, and the material resources which he thereby procures, more than by any other influence unless it be that of his religious ideals; and the two great forming agencies of the world’s history have been the religious and the economic. Here and there the ardour of the military or the artistic spirit has been for a while predominant: but religious and economic influences have nowhere been displaced from the front rank even for a time; and they have nearly always been more important than all others put together. Religious motives are more intense than economic, but their direct action seldom extends over so large a part of life. For the business by which a person earns his livelihood generally fills his thoughts during by far the greater part of those hours in which his mind is at its best; during them his character is being formed by the way in which he uses his faculties in his work, by the thoughts and the feelings which it suggests, and by his relations to his associates in work, his employers or his employees.

Isn’t economics nicknamed the “dismal science” because it is all about running out of resources and the inevitable decline of life as we know it? Who coined the phrase “the dismal science”? The Secret History of the Dismal Science: Economics, Religion, and Race in the 19th Century , by David M. Levy and Sandra J. Peart. Econlib, January 22, 2001.

Everyone knows that economics is the dismal science. And almost everyone knows that it was given this description by Thomas Carlyle, who was inspired to coin the phrase by T. R. Malthus’s gloomy prediction that population would always grow faster than food, dooming mankind to unending poverty and hardship. While this story is well-known, it is also wrong, so wrong that it is hard to imagine a story that is farther from the truth. At the most trivial level, Carlyle’s target was not Malthus, but economists such as John Stuart Mill, who argued that it was institutions, not race, that explained why some nations were rich and others poor….

Economics on One Foot , a LearnLiberty video.

Prof. Art Carden, in memory of Ayn Rand’s philosophy on one foot, presents economics on one foot.

In the News and Examples

Diane Coyle on the Soulful Science , EconTalk podcast.

Diane Coyle talks with host Russ Roberts about the ideas in her new book, The Soulful Science: What Economists Really Do and Why it Matters. The discussions starts with the issue of growth–measurement issues and what economists have learned and have yet to learn about why some nations grow faster than others and some don’t grow at all. Subsequent topics include happiness research, the politics and economics of inequality, the role of math in economics, and policy areas where economics has made the greatest contribution….

Isn’t economics all about supply and demand? Richard McKenzie on Prices , EconTalk podcast. June 23, 2008.

Richard McKenzie of the University California, Irvine and the author of Why Popcorn Costs So Much at the Movies and Other Pricing Puzzles, talks with EconTalk host Russ Roberts about a wide range of pricing puzzles. They discuss why Southern California experiences frequent water crises, why price falls after Christmas, why popcorn seems so expensive at the movies, and the economics of price discrimination….

Isn’t economics all about Adam Smith and the invisible hand? Adam Smith: The Invisible Hand , a LearnLiberty video.

Prof. James Otteson, using the ideas of Adam Smith, explains how the division of labor is a necessary and crucial element of wealthy nations.

Don’t all economists disagree? Henderson on Disagreeable Economists . EconTalk podcast, July 30, 2007.

David Henderson, editor of the Concise Encyclopedia of Economics and a research fellow at Stanford’s Hoover Institution, talks with EconTalk host Russ Roberts about when and why economists disagree. Harry Truman longed for a one-armed economist, one willing to go out on a limb and take an unequivocal position without adding “on the other hand…”. Truman’s view is often reflected in the public’s view that economic knowledge is inherently ambiguous and that economists never agree on anything. Henderson claims that this view is wrong–that there is substantial agreement among economists on many scientific questions–while Roberts wonders whether this consensus is getting a bit frayed around the edges. The conversation highlights the challenges the everyday person faces in trying to know when and what to believe when economists take policy positions based on research. Is it biased or science?

Humorous essay. Zero-sum games like income redistribution are more exciting than economic fundamentals like the gains from trade. Why is Economics So Boring? , by Donald Cox. Econlib, November 7, 2005.

Stan: Ollie, you know the worst part about being an economist? You meet someone at a cocktail party, you tell them you teach economics. Ollie: …and they say “Oh, yeah, I took that in college. I hated it. It was sooo boring!”… … getting the credit for Equation 14 is a zero sum game. And we care about zero sum games. There’s drama. There’s tension. There’s a loser for every winner. It makes for good TV, doesn’t it? But it’s not very common in reality. What common in reality is both sides are better off. The buyer and the seller of the car in the ad. That’s reality. No violence, no theft. Boring balloons. Boring happy people. Economics is boring….

Is economics just a fuss about language? The Economy: Metaphors We (Shouldn’t) Live By , by Max Borders.

“Argument is war.” That’s what cognitive linguists George Lakoff and Mark Johnson write in the opening chapter of their influential 1980 Metaphors We Live By. In that seminal book, Lakoff and Johnson offer a number of powerful lessons about figurative language: Metaphor is more than mere literary window dressing; metaphor is a fundamental aspect of human thought and language; and metaphors help us navigate the real world with a degree of efficiency that literal language can’t offer. It can even–for better or worse–change our perceptions of things….

A Little History: Primary Sources and References

Economics is sometimes called catallarchy or catallactics, meaning the science of exchanges. Where did this term first come from? Lecture I, Introductory Lectures on Political Economy , by Richard Whately.

It is with a view to put you on your guard against prejudices thus created, (and you will meet probably with many instances of persons influenced by them,) that I have stated my objections to the name of Political-Economy. It is now, I conceive, too late to think of changing it. A. Smith, indeed, has designated his work a treatise on the “Wealth of Nations;” but this supplies a name only for the subject-matter, not for the science itself. The name I should have preferred as the most descriptive, and on the whole least objectionable, is that of CATALLACTICS, or the “Science of Exchanges.”…

Advanced Resources

Is Economics All About Scarcity? , by Arnold Kling. Blog discussion on EconLog, January 17, 2007.

… I am two-handed on this issue. On the one hand, just because food, say, has become more abundant does not mean that we can ignore scarcity. At any moment in time, for a given state of know-how, the conventional definition of economics as dealing with the allocation of scarce resources among competing ends applies. On the other hand, some of the most interesting economic observations concern relative abundance. Look at our standard of living compared to 100 years ago. Look at South Korea compared with North Korea. Robert Lucas famously said that “The consequences for human welfare involved in questions like these are simply staggering: Once one starts to think about them it is hard to think of anything else.”…

Related Topics

Is Economics a Science? Wellbeing and Welfare Scarcity Incentives Efficiency Cost-Benefit Analysis Division of Labor and Specialization Money Management and Budgeting Productive Resources Property Rights

Economics in Tagalog

What is the translation of word Economics in Tagalog/Filipino ?

Meaning of   Economics in Tagalog is : ekonomika

Defenition of word economics.

• the branch of knowledge concerned with the production, consumption, and transfer of wealth.
• the condition of a region or group as regards material prosperity.

Other meanings of Economics

They are most likely to acquire this stock of knowledge by studying economics at school.

Recent Searched Words

#1 Best Guide On How To Write An Essay In Tagalog

• , September 10, 2024

Curious to learn how to write an essay in Tagalog? Well, you’re in luck because that’s exactly what we’re going to be talking about in this handy blog post!

As you read on, you will not only learn Tagalog but also realize just how easy it is to write essays in Tagalog. After this, your Tagalog writing and overall communication skills should improve a lot!

How To Write An Essay In Tagalog

If you want to know how to write a good essay ( sanaysay in Filipino), definitely remember that less is more! By writing less, you’re conveying to your reader that you’re organized and an expert on what you’re talking about. To learn more helpful tips, make sure to keep reading!

1. Do Your Research

Doing proper research ( pananaliksik ) before getting started is essential when it comes to the writing process. After all, how will you be able to write about a topic if you don’t know anything about it? When you’re conducting research, make sure to also fact-check and gather data from multiple sources. That way, your article has more authority.

Doing more research will also ensure that you know about a certain topic in-depth and can even lead to you gaining a new perspective along the way.

2. Draft Your Essay

After completing your research and answering the questions you have in your mind, you can now proceed to drafting ( pagbabalangkas ) your essay . This process is so important because it gives you time to organize your thoughts and ideas into a concise structure. If you skip this step, your essay is sure to come out disorganized, with different topics all jumbled up in each other.

Make sure that during this step, you outline your essay thoroughly. This will make the process of writing the actual essay go much smoother because you won’t have to go back and research information or search for notes. Keep all your notes in the same place when you’re writing an essay!

3. Start Writing

After conducting research ( pananaliksik ) and drafting your essay ( pagbabalangkas ), it’s time to start writing! Remember that when you write an essay, you should divide it into three parts: introduction, body, and conclusion.

The Introduction Of The Essay

The introduction ( panimula ) is where you will answer basic questions and tell your readers what the essay is going to be about. Make sure that you hook your readers in your introduction. Otherwise, they won’t keep reading.

The Body Of The Essay

Next is the body ( katawan ) of the essay. This is where you’ll talk in-depth about the topic. Make sure to include any research you did in this section and your analysis of the research. You can also include your opinion in this section if the topic permits.

The Conclusion Of The Essay

The last part of an essay is known as the conclusion ( konklusyon or wakas ) . This is where you can wrap up any major ideas in your essay. If you’re really good, you should be able to tie your conclusion somehow back to the introduction! It’s important to keep your conclusion insightful and avoid completely summarizing the essay. Readers want to feel enlightened after they finish reading an essay, not be given an entire synopsis!

4. Edit Your Work

Your essay isn’t finished until you’ve gone back and edited it. If time permits, we recommend sleeping on your essay and then coming back to it the following day.

Looking at an essay with a fresh set of eyes will allow you to notice errors that you might have missed if you had edited it on the same day you wrote it. The two main things to check for when it comes to editing are overall clarity and grammatical mistakes. Both of these can distract your reader from the actual content of the essay if you’re not careful.

Words To Make Your Tagalog Essay Standout

Writing an essay in Tagalog can be a challenge, especially if you are not yet fluent in the language. Remember not to stress too much! With all the resources available nowadays, from YouTube videos to online articles, there are a thousand ways to check if the Tagalog word you’re using is correct.

If you want to learn more Tagalog words or the language itself, the Ling app can help. It’s a gamified language learning app available on Google Play and the App Store that teaches you all about the Tagalog language and 60+ more languages. Now, let me share with you some words to get you started writing your Tagalog essay!

There are so many more Tagalog words you can learn to make your essay more compelling, but we just wanted to get you started on how to write an essay in Tagalog .

Expanding Your Vocabulary For Tagalog Essays

To truly excel in writing essays in Tagalog, it’s essential to have a rich vocabulary. Here are some advanced words and phrases that can add depth and precision to your essays:

• Pagpapalawig (Expansion) – Use this term when you’re elaborating or expanding on a point. It shows that you’re adding more details or going deeper into a topic.
• Salungat na Pananaw (Contrary View) – When discussing a different or opposing perspective, this phrase is quite handy. It helps in introducing an alternative argument or viewpoint.
• Mahalagang Punto (Important Point) – This phrase can be used to highlight key arguments or significant aspects of your essay.
• Sa Madaling Salita (In Short) – This is a useful transition phrase for summarizing or concluding your thoughts succinctly.
• Mabisang Argumento (Effective Argument) – Utilize this when emphasizing the strength of your argument or reasoning.
• Pangunahing Tema (Main Theme) – Ideal for stating the main theme or central idea of your essay.
• Kritikal na Pagsusuri (Critical Analysis) – This is an essential phrase for essays that require analyzing or evaluating concepts, situations, or literary works.
• Pagkakatulad at Pagkakaiba (Similarities and Differences) – Use this when you are comparing and contrasting ideas or topics in your essay.
• Panghuling Pahayag (Final Statement) – This is a powerful way to introduce your concluding remarks, ensuring a strong finish to your essay.
• Susing Salita (Keyword) – Refers to the main terms or concepts central to your essay’s topic.

Incorporating these words and phrases into your Tagalog essays will not only improve the quality of your writing but also demonstrate a higher level of language proficiency. Remember, the key to effectively using advanced vocabulary is understanding the context in which each word or phrase is most appropriately used.

Common Pitfalls In Writing Essays In Tagalog

While learning how to write an essay in Tagalog , it’s just as important to know what to avoid as it is to know what to do. Here are some common pitfalls you should watch out for:

• Overuse of Direct Translations : One of the most common mistakes is directly translating phrases or idioms from English to Tagalog. This can lead to awkward phrasing or even change the meaning entirely. As we know, languages have their unique expressions, so try to think in Tagalog rather than translating from English.
• Ignoring Formal and Informal Tones : Tagalog, like many languages, has formal and informal tones. Be mindful of the tone you’re using in your essay. Academic and formal essays usually require a more formal tone, so avoid using colloquial or Tagalog slang terms .
• Neglecting the Flow of Sentences : The flow and structure of sentences in Tagalog can be quite different from English. Pay attention to sentence construction to ensure your essay reads naturally. Long, convoluted sentences can confuse readers, so aim for clarity and conciseness.
• Inconsistent Use of Tenses : Tagalog verbs can be tricky, especially with their various aspects (completed, ongoing, and contemplated). Make sure to keep your verb tenses consistent throughout your essay to maintain clarity and coherence.
• Overlooking Local Context and Nuances : Tagalog has rich local contexts and nuances. Make sure to incorporate these appropriately in your writing. Understanding and using regional expressions or phrases can add authenticity to your essay, but be careful not to misuse them.
• Insufficient Proofreading : Finally, don’t underestimate the importance of proofreading. Spelling and grammatical errors can significantly undermine the credibility of your essay. If possible, have a native speaker review your work to catch errors you might have missed.

How Do You Say Essay In Tagalog?

Sample Phrases When Talking About Writing An Essay In Tagalog

Many essays require you to be familiar with intermediate Tagalog grammar . Some may even be as deep as going to advanced Tagalog words. But, it’s all going to be easy if you can strike up a conversation or two with a Filipino friend. Test some of these phrases and sentences with a Tagalog native speaker so you can get some valuable pointers when writing an essay in Tagalog .

Frequently Asked Questions On How To Write A Tagalog Essay

What should i avoid when writing a tagalog essay.

A Tagalog essay may include some foreign words here and there. But it’s important to keep it to a minimum. Many professors in universities or teachers at a Philippine local high school won’t even be happy seeing even just one foreign word or sentence if it’s not a reference to your main point.

In that case, it’s also important to brush up with more Tagalog vocabulary words to help you become familiar with this language. Also, make sure not to abbreviate a lot of words. If you can say ito instead of ‘to , then it’s best to write it in full.

Which Filipino Essays Are Popular?

We recommend you read Jose Rizal’s Filipino essays. His works are among the most documented of all the Philippine heroes.

Also, you can browse essays from previous Philippine presidents and officials like Ramon Magsaysay, Carlos P. Romulo, and Benigno “Ninoy” Aquino.

For prestigious authors and writers, Francisco Sionil José, Lualhati Bautista, Teodoro A. Agoncillo, José Garcia Villa, Edith L. Tiempo, and Nick Joaquin have some of the best Filipino essays of all time.

How Do You Write An Argumentative Essay In Tagalog?

Argumentative essays are mostly written similarly to a debate. You tackle a topic and encourage people to believe or at least agree with your clause. For Tagalog, it’s important not to be focused on many poetic Tagalog words to just feel like you’re a literary genius with Tagalog jargon. But it’s important that you can convey your message clearly and precisely to your Filipino audience.

Over To You

By avoiding these common pitfalls, your journey to mastering essay writing in Tagalog will be smoother and more successful. Keep practicing, and don’t hesitate to seek feedback from native speakers or language-learning communities! Good luck on your Tagalog essay writing journey!

One Response

thank you for helping me to make an essay, it’s actually helped me to do my essay so thank you saur muchh !!

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