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• Economics- it is the study of proper allocation of scarce resources.

  1. Resources
  2. Supply and Production
  3. Price
• Economic Institutions - refers to the agencies devoted to collecting economic data and commissioned with the job of supplying good or service that is important to the economy a country.
• Examples of Economic Institutions

  1. Government Agencies
  2. Government owned financial institutions - bank - it regulates money and makes sure that money is circulating.
  3. Government regulated market institutions - big market place - pinagbabagsakan ng mga new stocks
• Non state institutions - not regulated by the state/government.
• Non-state institutions

  Bank - institutions that conduct business purely on profit motive.
• Non state institutions

  Corporation - authorized by the state to act as a single entity.
• Non-state institutions

  Cooperative

  -autonomous - independent

  -association united voluntarily to meet their common economic, social, and cultural needs and aspirations.
• Non-state institutions

  Trade Unions - membership of employees, to help every professional in various trades, occupations, and professions whose focus is representations of its members.
• Non-state institutions

  International Organizations - entities by formal political agreements between their members who have the status of international treaties/relations.
• Non-state institutions

  Transnational Advocacy Groups - advocated of principal causes, ideas, values such as human rights or the environment
• Non-state institutions

  Developmental groups - agencies that were formed as a response for war damage and industrial decline.