types of goods

Good – is anything that satisfies human wants and needs

Types of Goods

Free Goods – these are goods provided by nature. Examples of free goods are air, sunlight, rain water, etc. Economic Goods – are goods made by man. There are two types of Economic goods. First is the Consumer good that is also known as the Final goods – are goods which directly satisfy human wants. Examples of these are food, clothing, shelter, etc. second type is the producer or capital goods that are goods which will be used to produce other goods. Examples of these are machinery, tools and raw materials.

factors of production

These are what I learned from my Economics (land reform and Taxation)

Factors of production

1.land –refers to the gifts of nature or the natural resources
2.labor – refers to the man power or the exertion of human effort to acquire an income
3.capital – refers to produced goods which will be used to produce other goods

Is money a capital?

NO! Money is an instrument used to acquire land, labor and capital to produce goods.

4.entrepreneur - is the one who combines land labor and capital to produce goods for profit

hi friends, just want to ask.

Hi friends!

I need your help. i really want to start may blogging career so i could provide for my own tuition fees and something like that. I can't submit my form because i don't have page ranks. i really don't know what to do to have that page rank. so i am asking you now how can i increase my page rank. i hope you could help me because I'm really desperate on starting my blogging career to provide for my own needs in school. haisst... i'm really disturbed about my tuition fees. it's so expensive


thank you!!!

T.T

grades

Here are my grades last semester (3^rd year 1^st sem).

Technical Writing 1.25

Business Math 1.25

Human Resource Management 1.5

Microeconomics 2

Law on Obligations and Contracts 2.25

Investment Principles 1.5

Life and Works of Rizal 1.25

Pagbasa at Pagsulat 1.5

Thank You God! I Love You!

sorry for the inconvenience

My tita bought me my own domain...unfortunately, the list of blogs that i exchanged links to were erased..i will try to look and add you again..sorry and thank you. kindly inform me if you are deleted so i can add it back

filipino defense

The defense on that Filipino thesis is quite stressful also. Our topic is about the effects of E-learning in the Business Administration in UE. We sat in front facing the professor in the middle of the room. We are corporately dressed with our name tags. She browsed the rough draft of our thesis and we can see her marking and editing our thesis. We have to revise it and then after thirty minutes, the defense started. I was expecting that I would be the last one to be called. So sad that some of my group mates didn’t answer so well. If only I could help them. My question is very easy because I worked on that chapter and fortunately she get the question from my work. I felt a little better after the defense.

AM BACK

I’m back! The first semester is over and I’m so sad that I didn’t visit my blog in the past few weeks because I am so so so busy with the completion of the requirements. I was working on my Filipino thesis since I’m the leader of our group, I need to check and edit so many things. It is really hard for me to work with them. Some of my group mates are responsible but some are naggers. i will never accept any leader position anymore. it was so stressful that I have to sacrifice a lot. My professor is a perfectionist that’s why it’s really hard. She likes it perfectly done. It was a pure tagalog thesis and we have to search for 15 studies and 15 literature. Gawd!