Hello ma'am/sir. I humbly asking for your help to answer this activity in my Community, Engagement, Solidarity and Citizenship subject. Thank you!

Subject: ' 1.: '. - Teacher: W Lesson: 2'\"1 Semester : Quarter 3 Week 6 LAS 1 Activity Title: \"ELEMENTS AND TYPODOGIES OF THE COMMUNITY \" Learning Target (5): Understand the basic structures and subunits within the community ecosystem Reference(s): SLM CESC, MELC CG_HUMSS_CESC__12 LAS Writer. Joseph A Molina, TII ECONOMIC STRUCTURES Societies run on production and consumption. The economic system of modern communities is the market economy. Here, the market is free to produce what to make, how to make it for. The current eoonornlc system we have is 1mm (French word meaning \"allow to do\") which does not have any central group or institution that can determine the means of production and control the market as a whole. Here, we have to apply the concept of the Invisible hand; with the assumption that we are operating under the ideal of scarcity and thus, supply and demand are the determinants of value and cost. Contrasting this idea of a free market is a planned or command market where the state or government determines the means of production. A free market economy also exists based on the Idea of competition. Much like the survival of the ttest proposed in evolutionary biology, only those that are determined Important and of value are the ones that can be given the chance to grow, make a prot, and expand, as consumers choose which one to buy through the act of buying. To learn more of economic structures, it is necessity to get to know the five various types of markets. PERFECT COMPETITION Perfect competition is an open market that has an innite number of buyers and sellers. Because there are so many adore in this market sphere. it will be hard for anyone to take hold of the market let alone control by altering price or supply. During this perfect state of competition, buyers can choose which is beet to suit their interest by freely determining which one to buy. Essentially, the products or services that are not competitive in terms of value and cost will be phased out of competition, whereas only the ones that the market deems the best or costefcient relative to its value will survive and continue to thrive. MONOPOLY Contrasting from perfect competition, pure monopoly is a kind of market where only one individual or company has the capability to produce a much-needed good or service. In this market, the source of goods or services is only from a single source, thus, consumers have no other choice but to avail them from the single seller. For many, a monopoly is a clear indicator of a mishandled market because it cannot protect the consumers from sellers who exploit the consumers by raising their prices and therefore lowering accessibility to other buyers. The barriers to entry or the access to compete in a monopoly are overly protected by state POlicy. an act which is contrary to the liberal ideas of the free market. There are instances, however. when a temporary monopoly occurs because of the capacity of the market to advance and innovate where al other market participants are challenged to keep up with advances. OUGOPOLY An oligopoly, fundamentally, is a market where only a few are able to produce certain goods or services, This sets an unfair advantage since the limited number of producers easily manipulate supply and prices for their own interests. if the government is not able to step in and regulate the actions of these producers, then they can easily have the power to x the markets, beneting their prot motive. MONOPOUSTIC COMPETIITON Treading between a monopoly and a perfect competition is monopolistic competition. if we were to simplify this seemingly confusing market type, we can look at it as a state when there are also an innite number of sellers but each one is properly differentiated from other competitors in the sphere. Think of it as when you are buying candies, they are essentially the same but dilferent in one way or the other. This differentiation is what sets a candy apart from the rest, and therefore, the seller may charge a little more or a little less depending on the offered value addition. ' MONOPSONY We can also determine a market type depending on the number of buyers the particular market has. Fundamentally. we are looking into the number of producers in the market dynamic. but in this type, we are looking into the condition where there is only one buyer and where there is an infinite number of producers. A monopsony is such a case. Since there are no other buyers. the single consumer may control the price and the producers compete for pricing. You may think of this when there is a public bidding of a government project. Each producer of the good or service can vouch their most competitive price to the government, but at the end of the day, bargaining chips Is with the government and it holds the power to lower the price of the good until it matches a seller's set price. SOCIOCULTURAL STRUCTURES We have been talking about communities in the sociological standpoint for the past few lessons and from what we know, sociocultural structures are composed of various institutions, assemblies, and actors. The interactions generated in between these social variables provide the syntheses from multitudes of discourses that create the patterns of social norms. To engage and see these patterns, we can look into specific behavioral syntheses that are results of these interactions. POLITICAL TRENDS The Philippines has experienced numerous political shifts that have altered the way we view power, authority, and the government. From our rich political history, we have gone through several power struggles, which, at present, have left scars that are as fresh as they were before. Needless to say, we, as a society, hope that the mistakes done in the past would not be forgotten and thus be corrected as we go along and create a better future for the next generation. Thus, many of our institutions vouch for a free and liberal society that espouses human rights, individual freedom, and free-market competition. History and the standpoint of sociology, is one of the major influences of our future actions. Learning from the shadows of the past, our people have recognized that a government without the vigilance of the people creates tyrants and cronies that can monopolize power and oppress its citizens. Today, the primary institutions, such as religious, education, and the economic sectors, all combine to counter any tyrannical propensity that may lead us back to the kind of regime we had under Martial Law. The Philippines has a strong civil society presence, yet past and present regimes have yet to reach full potential of the government in engaging nongovernment actors in amore direct and synergetic way. Coordination is the key to governance and the state should not be seen as a panacea for all of society's ills but instead as a partner for societal progress. LEARNING ACTIVITY (WRITE YOUR ANSWERS ON THE SPACE BELOW) DO IT ON YOUR OWN, NO DUPLICATION OF ANSWERS FROM ANYONE. 1.) How do you assess the economic structure as well as the activities of Kiamba as a Local Government Unit? How does it compels to the nation-building of our country, Philippines? (10 points) 2.) How is the political trend of Kiamba as an LGU aligned to the national political trends? (10 points). CONGRATULATIONS ! YOU HAVE SUCCESSFULLY ANSWERED THE REQUIRED FIELD