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Rada – Applied Economics

1. Economics- focuses on the behaviour and interactions of economic agents and how economies work.
Microeconomics analyzes basic elements in the economy, including individual agents and markets, their
interactions, and the outcomes of interactions.
2. Scarcity- is the limited availability of a commodity, which may be in demand in the market. Scarcity also
includes an individual's lack of resources to buy commodities
3. Social science- is a category of academic disciplines, concerned with society and the relationships among
individuals within a society. Social science as a whole has many branches, each of which is considered a
social science.
4. Macroeconomics - is a branch of economics dealing with the performance, structure, behavior, and
decision-making of an economy as a whole. This includes regional, national, and global economies
5. Microeconomics- is a branch of economics that studies the behavior of individuals and firms in making
decisions regarding the allocation of scarce resources and the interactions among these individuals and
6. opportunity cost- refers to the next cost best alternative use of resources. It is also known as alternative
cost, is the value of the choice in terms of the best alternative while making a decision
7. Natural resource economics- deals with the supply, demand, and allocation of the Earth's natural
resources. One main objective of natural resource economics is to better understand the role of natural
resources in the economy in order to develop more sustainable methods of managing those resources to
ensure their availability to future generations. Resource economists study interactions between economic
and natural systems, with the goal of developing a sustainable and efficient economy
8. GNP- The gross national income, previously known as gross national product, is the total domestic and
foreign output claimed by residents of a country, consisting of gross domestic product, plus factor
incomes earned by foreign residents, minus income earned in the domestic economy by nonresidents
9. GDP- Gross Domestic Product is a monetary measure of the market value of all the final goods and
services produced in a period of time, often annually or quarterly. Nominal GDP estimates are commonly
used to determine the economic performance of a whole country or region, and to make international
10. Applied economics is the study of economics in world situations as opposed to the theory of economics. It
is the application of economic principles and theories to real situations, and trying to predict the

b-13 l-9 phase 1-D Kasiglahan Village Rodriguez Rizal
Contact no.09458994185


To handle a position that I can apply my knowlage and skill that i learned in my formal school.
To have a peace in a society and to protect others rigths and to apply justice to everyone.

Personal Data:

Age :17 yrs. old

Date of Birth :November 28, 2001
Place of Birth :Sorsogon City
Gender :Male
Status :Single
weigth :41
Heigth :5’2
Citizenship :Filipino
Religion :Catholic
Father’s Name :Jose Docog Diaz
Mother’s Name :Ariane Dela Torre Diaz

- Communication and Interview Skill
- Critical Thinking and Problem Solving

Educational Attainment:

Primary : Tagumpay Elementary School

S.Y 2013-2014
Secondary : Tagumpay National High School
S.Y 2017-2018

Character References:
Arnie M. Almeyda Student Kasiglahan Village Rodriguez Rizal
John Patrick Baldorado Student Kasiglahan Village Rodriguez Rizal
Aron Bernardo Student Kasiglahan village Rodriguez Rizal

Billy Joe Diaz