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level: Level 1

Questions and Answers List

Question	Answer
Composed of individuals whose growth and development depend on how they are taken care of	Society
General process of acquiring culture	Socialization
Fictitious place where life is perfect	Utopia
From the Greek word ou-topos meaning "nowhere"	Utopia
Almost utopia of the Philippines	Batanes
Involves production, distribution, and consumption of goods and services.	Economic Process
A set of arrangements by which a society produces, distributes, and consumes goods and services	Economy
A discipline that studies the decisions and efforts made to satisfy our needs	Economics
Refers to the joint efforts of policy makers to uplift the standards of living	Economic Development
Refers to anything of value	Wealth
The unequal distribution of wealth	Poverty
Enumerate the different sectors of society	Government; Economic Institutions; Workers; Consumers
Embraces the sum total of all those conditions of social life; All the conditions in the society	Common Good
Enumerate the essential elements of the Common Good	Respect; Prosperity; Peace and Security
Enumerate those responsible for common good	The State; The Citizens