MEMBER OF GROUP :
ALVIN ATMAJA
AHMAD NOVANDI
FARUQ KASYFI
NANDA HENDRO
WAHYU DANU
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 services. Other people provide both goods
and services. For example, in the same garage a man may buy a car or some
service which helps him 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 a world. Such an economic system is the sum-total of what people do
and what they want. The work people do either provides what they need or
provides 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
non-essential but which provide some particular personal satisfaction, such as
toys for children, visits to the cinema and books.
The science of economics 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 economic 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 basic needs, we may still want other 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 desire to have a radio as well as the basic
necessity of having enough food to eat. (Taken form A
Rapid Course in English for Students of Economics by Tom McArthur)
Question and answer
1) what is the main idea
of paragraph one?
Most people work
to earn a living and produce good and service
3) what is an economic
activity?
Economic activity is the
work people do either provides what they need or provides the money with which
they can buy essential commodity
