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 formA Rapid
Course in English for Students of Economics by Tom McArthur)
QUESTION
1. What is the main idea of paraghrap 1?
2. What do most people produce?
3. What is an economic activity?
4. Mention of example of services which provide some personal satisfaction
5. What is based upon the facts of our everyday lives?
6. Why the economist should study our everyday lives?
7. What do the economist try to do ?
8. What is the main idea of paraghrap 4?
9. What our basic needs?
10. What is the meaning of the
sentences “human beings undoubtedly have a wide and a very complex range of
wants” (line 26-27)?ANSWER
5. The scienes of economics is besad upon the facts of our everyday lives.
6. because economists study our everyday lives and the general life of our communities in order to understand the whole economic sistem of which we are part .
Nama Kelompok ;
1. Destyani Eka Saputri
2. Lestari Wahyuni
3. Pebrika Limbong
4. Vini Affriani
5. Wahyu Rahmadi
