Difference between revisions of "What Economy Is"

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[[What Economy Is]] (hereinafter, the ''Lectio'') is the second [[lectio|lesson part]] of the '''[[Industries and Specialties]]''' [[lesson]] that introduces its participants to [[industry|industri]]es, [[professional specialty|professional specialti]]es, and related topics.
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[[What Economy Is]] (hereinafter, the ''Lectio'') is the first [[lectio|lesson part]] of the '''[[Industries and Specialties]]''' [[lesson]] that introduces its participants to [[industry|industri]]es, [[professional specialty|professional specialti]]es, and related topics.
  
[[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Employment]] session of the [[CNM Cyber Orientation]]. The ''Orientation'' is the second stage of the [[WorldOpp Pipeline]].
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[[File:Educaship-pipeline.png|400px|thumb|[[WorldOpp Pipeline]]]]This ''lesson'' belongs to the [[Introduction to Employment]] session of [[EmployableU Concepts]].
  
  
 
==Content==
 
==Content==
 
The predecessor [[lectio]] is [[Labor Relations]].
 
The predecessor [[lectio]] is [[Labor Relations]].
 
===Key terms===
 
:'''[[Economy]]'''. The system of human production and consumption of [[raw material]]s, goods, and services, which may range from the prosperity of a single household to the wealth of nations. The term, [[economy]], may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, etc.<div style="background-color:#efefef; padding: 5px; margin: 15px;">
 
:*'''[[Public sector]]''' ([[state sector]]).
 
:*'''[[Private sector]]''' ([[citizen sector]]).
 
:*'''[[Nonprofit sector]]''' ([[civic sector]], [[community sector]], [[social sector]], [[third sector]], [[voluntary sector]]).</div>
 
  
 
===Script===
 
===Script===
:[[Employment]] depends on [[economy]], which is the system of human production and consumption of [[raw material]]s, goods, and [[service]]s. These systems may range from the prosperity of a single household to the wealth of nations.
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:[[Employment]] depends on [[economy]], which is a system of human production and consumption of [[raw material]]s, goods, [[service]]s, and/or other [[market exchangeable]]s. These systems may range from an economy of a single household to the economy of the whole world.
  
 
:The same term, [[economy]], may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and so on.
 
:The same term, [[economy]], may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and so on.
  
:Based on various types of ownership, any ''economy'' may be divided in three sectors.
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:Based on various types of [[ownership]], any ''economy'' may be clearly divided in three sectors.
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:The [[public sector]] represents those [[enterprise]]s that the government owns. In the [[United States]], the ''public sector'' includes the [[United States Federal Government]], state governments, municipal governments, and foreign governments. To run their [[operations]], the governments impose and collect domestic taxes, as well as conduct state-owned businesses.
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:The [[private sector]] represents those ''enterprises'' that the citizens own. Their size varies greatly from a single-person [[sole proprietorship]] to [[multinational corporation]]s. These ''enterprises'' in business largely because of sales to the [[customer]]s.
  
:The [[public sector]] represents those [[enterprise]]s that the government owns. These ''enterprises'' exist because of taxpayers' funds. In the [[United States]], the ''public sector'' includes the [[United States Federal Government]], state governments, and municipal governments.
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:The [[nonprofit sector]] represents those ''enterprises'' that no one owns. Groups of people and/or [[organization]]s create these ''enterprises'' usually to address some causes. The ''nonprofit sector'' includes religious organizations, [[labor union]]s, [[trade association]]s, foundations, and so on. To run their [[operations]], the [[nonprofit organization]]s may collect [[membership fee]]s, donations, or conduct [[business]].
  
:The [[private sector]] represents those ''enterprises'' that the citizens own. These ''enterprises'' exist because of sales to the [[customer]]s. Their size varies greatly from a single-person [[sole proprietorship]] to [[multinational corporation]]s.
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===Key terms===
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:[[Economy]], [[public sector]], [[private sector]], [[nonprofit sector]]
  
:The [[nonprofit sector]] represents those ''enterprises'' that no one owns. Groups of people and/or [[organization]]s create these ''enterprises'' usually to address some causes. The ''nonprofit sector'' includes religious organizations, [[labor union]]s, [[professional association]]s, foundations, and so on. The [[nonprofit organization]]s may collect [[membership fee]]s or run business operations.
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===Closing===
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:Among the [[public sector|public]], [[private sector|private]], and [[nonprofit sector]]s of the [[economy]], do you target any particular one for your future work? --Yes/No/Let's move on for now
  
 
'''[[Economy Segments]]''' is the successor [[lectio]].
 
'''[[Economy Segments]]''' is the successor [[lectio]].
  
==Quiz==
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==Questions==
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===Placement entrance exam===

Latest revision as of 21:32, 29 October 2023

What Economy Is (hereinafter, the Lectio) is the first lesson part of the Industries and Specialties lesson that introduces its participants to industries, professional specialties, and related topics.

This lesson belongs to the Introduction to Employment session of EmployableU Concepts.


Content

The predecessor lectio is Labor Relations.

Script

Employment depends on economy, which is a system of human production and consumption of raw materials, goods, services, and/or other market exchangeables. These systems may range from an economy of a single household to the economy of the whole world.
The same term, economy, may also refer to the way of how wealth is generally created and used or, particularly, to the careful use and management of money, time, energy, and so on.
Based on various types of ownership, any economy may be clearly divided in three sectors.
The public sector represents those enterprises that the government owns. In the United States, the public sector includes the United States Federal Government, state governments, municipal governments, and foreign governments. To run their operations, the governments impose and collect domestic taxes, as well as conduct state-owned businesses.
The private sector represents those enterprises that the citizens own. Their size varies greatly from a single-person sole proprietorship to multinational corporations. These enterprises in business largely because of sales to the customers.
The nonprofit sector represents those enterprises that no one owns. Groups of people and/or organizations create these enterprises usually to address some causes. The nonprofit sector includes religious organizations, labor unions, trade associations, foundations, and so on. To run their operations, the nonprofit organizations may collect membership fees, donations, or conduct business.

Key terms

Economy, public sector, private sector, nonprofit sector

Closing

Among the public, private, and nonprofit sectors of the economy, do you target any particular one for your future work? --Yes/No/Let's move on for now

Economy Segments is the successor lectio.

Questions

Placement entrance exam