SOCIAL STUDIES REVIEWER

Private consumer organizations primarily aim to protect consumer interest

Protect consumer interests

This organization represents consumers against unfair credit practices.

CCAP

This organization provides consumer education

CUP

It is an NGO concerned with tobacco consumption.

MMTCC.

It is part of both government and private collaboration.

NACI….

It is using goods and services to satisfy wants.

Consumption

It is the process of creating goods and services.

Production

It is the transfer of goods from producers to consumers.

Distribution

Using fuel for farming is an example of this.

Productive consumption

Advertisements affect consumption by doing this.

Influencing wants

This factor of production refers to land, water, and minerals.

Land

This factor of production involves human effort, skills, and abilities.

Labor

This person is responsible for combining land, labor, and capital to produce goods and services.

Entrepreneur..

These are individuals who take risks and innovate to organize production.

Entrepreneurs

This natural resource category includes areas with trees and vegetation.

Forestlands

This natural resource category is used for settlements, industries, and farms.

Non-forestlands

This economic ideology emphasizes private ownership and profit motive.

Capitalism

This type of fishing is conducted using large vessels in open seas.

Commercial fishing

This type of fishing is done by small fisherfolk within municipal waters.

Municipal fishing

This is the raising of fish and other aquatic species in controlled environments.

Aquaculture

These are man-made resources such as roads, bridges, and buildings.

Infrastructure

This economic system is where the government controls all means of production.

Command economic system

This economic system is based on customs, traditions, and beliefs.

Traditional economic system

It is a private consumer organization.

MMTCC

It is the study of how individuals and societies use limited resources to satisfy unlimited wants.

Economics

This Greek word means Oikonomia

management of household.”

It is the value of the best alternative forgone when making a decision.

Opportunity cost

It is choosing one option while giving up another.

Trade-off

It is a good that satisfies human wants without payment.

Free good

These goods require payment and production effort.

Economic goods

These are needs essential for survival.

Basic needs

These are needs such as education, recreation, and status.

Higher needs

It is a desire for material possessions.

Economic want

It is the want for fresh air and sunshine.

Non-economic want

It deals with the overall economy and aggregates.

Macroeconomics

It focuses on individual households and firms.

Microeconomics

It is the process of living in cities and towns that increases wants.

Urbanization

These are individual differences in likes and dislikes.

Tastes and preferences

It is the right of consumers to be protected against goods that are hazardous.

Right to safety

It is the right of consumers to be given facts needed to make informed choices.

Right to information

It is the right of consumers to select products at competitive prices.

Right to choose

It is the right of consumers to be heard in policy making.

Right to representation

It is being aware of the quality, price, and safety of products.

Critical awareness

It is taking steps to seek redress or complaints.

Action

Consumers being mindful of the effects of their choices on others is called this.

Social concern

It is conserving resources and reducing waste.

Environmental awareness

It is working with other consumers to protect interests.

Solidarity

It is the law that protects consumers against deceptive electronic transactions.

R.A. 8792

It is the law known as the “Consumer Act of the Philippines.

R.A. 7394

It is the Price Act, which stabilizes the price of basic commodities.

R.A. 7581

It is the law ensuring affordable medicines.

R.A. 9502

It is the law granting privileges to senior citizens.

R.A. 9994

It is the Clean Air Act of the Philippines.

R.A. 8749

It is the law regulating tobacco products.

R.A. 9211…

It is the main purpose of consumer laws.

Protect consumer rights

It is the law that protects consumers from unsafe products.

R.A. 7394

It is the law that promotes competition and prevents price manipulation.

R.A. 7581

It is the Tobacco Regulation Act.

R.A. 9211….

It stands for National Consumer Affairs Council.

NACI

It stands for Consumers Union of the Philippines.

CUP…..