Group Task
Most people work to earn a living,
and produce goods and services. Goods are either agricultural (like maize), or
manufactured (like cars). Services are such things as education, medicine and
commerce. Some people provide goods; some provide service. Other people provide
both goods and services. For example, in the same garage man may buy car or
some service which help in maintain his car.
The work people do is called economic activity. All economic activities taken together make up the economic system of a town, a city, a country or the world. Such an economic system is the sum-total of what people do and what they want. The work people do either provide what they need or provide the money with which they can buy essential commodities. Of course, most people hope to have enough money to buy commodities and services which are nob-essential bu which provide some particular personal satisfactiob, such as toys for children, visits to the cinema and books.
The sciene of economic is based upon the facts of our everyday lives. Economists study our everyday lives and the general life of our communities in order to understand the whole ecinomic system of which we are part. They try to describe the facts of the economy in which we live, and to explain how it works. The economist's methods should of course be strictly objective and scientific.
We need food, clothes and shelter. We probably would not go to work if we could satisfy these basic needs without working. But even when we have satisfied such baaic needs, we may atill want other things, such as the toys, visits to the cinema and books mentioned above. Our lives might be more enjoyable if we had such things. Human beings undoubtedly have a wide and very complex range of wants. The science of economics is concerned with all our needs with the desire to have a radio as well as the basic necessity of having enough food to eat. (Taken from A Rapid Course in English for Student of Economic by Tom McArthur).
A. COMPREHENSION
1. What is the main idea of paragraph 1?
-> The main idea of paragraph 1 is most people work to earn a living, and produce goods and services.
2. What do most people produce?
-> Most people produces provide goods, some provide services, and other people provide both of goods and service.
3. What is an economic activity?
-> An economic activity is the work people do which the activities taken together make up the economic system of a town, a city, a country or the worls.
4. Mention the example of services which provide some personal satisfaction!
-> The examples of services which provide some personal satisfaction are buy toys for children, visits to the cinema, buy some books, go to shopping, go to hang out and recreation, etc.
5. What is based upon the facts of our everyday lives?
-> Based upon the facts of our everyday lives is the science of economics.
6. Why the economists should study our everyday life?
-> The economists should study our everyday life in order to understand the whole economic system of which we are part.
7. What do the economists try to do?
-> The economists try to describe the facts of the economy in which we live, and to explain how it works.
8. What is the main idea of paragraph 4?
-> The main idea of paragraph 4 is we need food, clothes, and shelter.
9. What are our basic needs?
-> Our basic needs are foods, shelter, and clothes.
10. What is the meaning of the sentece "Human beings undoubtedly have a wide ans a very complex range of wants" (line 26-27)?
-> The meaning of that sentence is Human never satified in meet the desire and the necessity in life.
