Economics is about __________to the fullest in this very materialistic world where there is no other choice

Global economic issues (give 6)

_______is the end goal of a business

Limited resources _________, unlimited resources________

The purchasing power continue to weaken till substandard ________may cost the collapse of marriage resulting to broken family

the purchasing power continue to weaken till substandard _________may cost the collapse of the marriage resulting to broken family because of _________ of family affairs as also to_______ causing bankruptcy of a business organization.

Common areas in management

4M's

Another economic issue or problem of the Philippine economy

Strong economic factor for a democratic country

What is the root of unemployment, underemployment, and disguise employment

The giant players in the private sectors are unstoppably becoming bigger and bigger but the increasing size of their operations is  _________the number of people employed.

Skilled and many professional Filipinos have been leaving the  country for greener pasture so to speak or simply higher salary.

Managerial Economics in its use of Economic theories and principles etc. that are of universal application to enhance business operations towards increase of profit of business firms.. likewise capitalizes on various _______like ______ and ________(say PESO) as indicators for guidance in _______.

big firms in their financial planning manage their _______ in a considerable amount just to take care of their ________ in anticipation of their ________to answer just for their fix and variable costs according to their .. say weekly or monthly operations

The volumes of their _____ are secured in some forms like time deposits, shares of stocks and other investment portfolios to ______ or defeat ______ and weakening of the company's __________

The family's_______ comes from salaries from the father and/or mother plus maybe from older brother and sister and other sources of income like small business.

the impact of inflation from your meager regular savings out of your allowance may not be adverse but such savings increases your _______that may answer your unexpected ________such power

Give forms of business organizations

Market structures where the company is aligned

Participation in student organizations gives one a wide exposure and practical trainings to be a _______

In your present roles as student leaders or members, ________ever neglect all your _______obligations. That is to ______and ______most importantly than other extra curricular activities

To be a student leader at the same time_____academically is a great achievement

4 factors of production

Clear understanding of the fundamentals of _____ and ____ is of paramount importance in managerial economics

The primary consideration of the decision maker in producing a good or service is ______

Is a quantity of foods and services that a customer is willing and capable of buying at a given different price

Goods and services that sellers are willing and able to sell at a given different price

In the basic circular flow, households are the ______

In basic circular flow, the firms or business sectors are usually the _____

Is a tool used extendedly by decision makers in business organizations universally by applying relevant and appropriate economic principle theories and practices

Give one example of managerial economics

Give the two key players in an economy

Attaining maximum output with the least possible input

Can be attained by getting the desired outcome

The condition where wants and needs of people are not satisfied because of limited resources

Is a temporary condition where the demand on a certain commodity or service cannot be met by the current supply

The cause we forgo to getting something else

The cause of which you get is the value of which sacrifice to obtain it

An individual's pleasure happiness or satisfaction these are the things where we have allocated our time money energy and other resources to maximize our well-being

Focuses on how decisions are made by individuals and firms and the consequences of those decisions it is often focused on how a certain firm or individual can utilize its resources in an efficient manner

Examines the aggregate behavior of the economy which includes the actions taken by all individuals and firms to produce a particular level of economic performance as a whole

A model or diagram represents the player in an economy which are households and firms

States that as price increases quantity demand will decrease ceteris paribus

Goods that can replace another commodity in its absence

States that as price increases quantity supplied will also increase ceteris paribus

Result of supply being greater than demand

Economies refer to only one market structure when they talk about agricultural product

Refers to a market situation with a relatively large number of sellers offering similar but not identical products

Exist when there are a few large firms producing a homogeneous or differentiated product that are dominated or much needed by the market this structure is characterized by very few players usually dominated by many firms