reviewer

• 1.first do no harm prinsipyo ng mang gagamot at layunin nitong makapag dulot pa ng higit na sakit

  2.sto thomas de aquino- lahat ng tao ay mau kakayahang mag isip at lahat ng tao ay may kakayahang makaunawa sa kabutihan

  3.max Scheler-ang pag alam ng kabutihan ay hindi lamang gumagalaw sa larangan ng pag iisip kundi sa larangan ng pakiramdam .

  4. ang kaisa isang batas-maging makatao ano man ang pormula ng likas na batas moral .

  5.likas na batas para sa tao-Dito nakaangla ang pandaigdig na pag papahayag.(universal Declaration of Human rights)nag kakaisang bansa (united nations)
• The Great Depression was a widespread decline in the economy of the US and other countries in the 1930s
• Households/Consumers


  Sambahayan
• Businesses/Producers


  Bahay-kalakal
• Goods and Services Market


  Where product transactions take place
• Factors Market


  The sector where products are made
• Simple Model


  • Consists only of Households and Businesses
• Financial Market


  Where households save and businesses borrow
• Saving Model


  • Consists of Businesses, Households, and Financial Market
• Government


  Collects taxes from Households and invests in the Product Market
• Government Model


  • Consists of Businesses, Households, Financial Market, and Government
• Foreign Sector


  The sector that interacts with other countries
• Open Economy Model


  • Consists of Businesses, Households, Financial Market, Government, and Foreign Sector
• Disposable Income


  Money remaining that can be spent on other products or saved
• Gross Domestic Product


  Total of all products made within a country
• Gross National Product


  Total of all products made by a country's citizens anywhere in the world
• Value-added Approach


  Measuring GDP by summing the values added by all firms in the economy
• Expenditure Approach


  Measuring GDP by the total amount spent on all final goods and services
• Income Approach


  Measuring GDP by the income-wages, rents, interest, and profits-received by all factors of production
• Nominal GDP


  The production of goods and services valued at current prices
• Real GDP


  The production of goods and services valued at constant prices
• John Maynard Keynes


  English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)
• Consumption function


  The relationship between consumption spending and disposable income
• Autonomous consumption


  Consumption spending that is not related to the level of disposable income
• Marginal propensity to consume


  The increase in consumer spending when disposable income rises by $1
• Marginal propensity to save


  The increase in household savings when disposable income rises by $1
• Inflation


  A general and progressive increase in prices
• Mhina reviewer english