Tuesday, October 07, 2014

Ryzza Mae is Speaking Chinese?!

Sing sing??
We watched her habang nagku-kwento siya nang taimtim sa Ms. Jenny natutunan from school na madalas naman niyang gawin. Our Stress Reliever ay proud na nashe-share nang mga bagay-bagay na nalalaman niya tulad lang ng foreign language. When you listen to her, maaaliw ka and at that same time, you feel proud that she's growing up well. So, alam na ba ninyo kung ano ang ibig sabihin ng Sing sing? :) 




    ECONOMY ( from encyclopedia )

    An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency.

    In the past, economic activity was theorized to be bounded by natural resources, labor, and capital. This view ignores the value of technology ( automation, accelerator of process, reduction of cost functions ), and innovation ( new products, services, processes. new markets. expands markets, diversification of markets, niche markets, increases revenue functions ), especially that which produces intellectual property.

    A given economy is the result of a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure and legal systems, as well as its geography, natural resource endowment, and ecology, as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions.

    A market-based economy is where goods and services are produced without obstruction or interference, and exchanged according to demand and supply between participants ( economic agents ) by barter or a medium of exchange with a credit or debit value accepted within the network, such as a unit of currency and at some free market or market clearing price. Capital and labor can move freely to any area of emerging shortage, signaled by rising price, and thus dynamically and automatically relieve any such threat. Market based economies require transparency on information, such as true prices, to work, and may include various kinds of immaterial production, such as affective labor that describes work carried out that is intended to produce or modify emotional experiences in people, but does not have a tangible, physical product as a result.

    A comman-based economy is where a central political agent commands what is produced and how it is sold and distributed. Shortages are common problems with a command-based economy, as there is no mechanism to manage the information ( prices ) about the systems natural supply and demand dynamics.



    Today the range of fields of study examining the economy revolve around the social science of economics, but may include sociology ( economic sociology ), history ( economic history ), anthropology ( economic anthropology ), and geography ( economic geography ). Practical fields directly related to the human activities involving production, distribution, exchange, and consumption of goods and services as a whole, are engineering, management, business administration, applied science, and finance.

    All professions, occupations, economic agents or economic activities, contribute to the economy. Consumption, saving, and investment are variable components in the economy that determine macroeconomic equilibrium. There are three main sectors of economic activity : primary, secondary, and tertiary. Sabine O' Hara argues that care work is the basis for all economic activity, concluding that " everything needs care, " not only people, but animals and things.

    Due to the growing importance of the financial sector in modern times, the term real economy is used by analysts as well as politicians to denote the part of the economy that is concerned with actually producing goods and services. as ostensibly contrasted with the paper economy, or the financial side of the economy, which is concerned with buying and selling on the financial markets. Alternate and long standing terminology distinguishes measure of an economy expressed in real value ( adjusted for inflation ), such as real GDP, or in nominal values ( unadjusted for inflation ).