Demonstrate your clear understanding of the course content of module 7 by preparing a comprehensive summary, reflection, and effects of this COVID-19 pandemic to the economic situation of your family and at the same time by show casing an exemplary skill of making a week long budget proposal of the basic needs of your family during this time of COVID-19 pandemic.
- What do we mean by “economic activity”?
Economic Activity we mean the area of our social interactions in which people provide for their material needs and for those of their fellow human beings. It involves the production, the distribution, and the consumption of goods and services.
#164. What does the Bible say about poverty and riches?
Anyone who follows Jesus must never forget that first and foremost we are supposed to be ‘rich toward God’ (Lk.12:21). To become rich in material things is not a particularly Christian goal in life. And to be materially rich is not a sure sign of God’s special grace. Jesus teaches us to pray: ‘Give us this day our daily bread’ (Mt.6:11). With these words we ask the Father for all that we need for our earthly life. We do not strive for luxurious possessions but for the goods required for a happy life in moderate prosperity, the support of a family, works and charity, and participation in culture and education, as well as further development.
#175. Is money bad in itself?
No. Money is a good human invention, but it can be abused. Money is a means of exchange, a measure of value, a reserve for the future, and a means with which to support what is good. Money must never become an end in itself. Jesus says explicitly: ‘You cannot serve both God and mammon’ (Mt.6:24). Money can become an idol and addictive. Someone who avaricously pursues moeny becomes the slave of his greed.
#182. What is the government’s role in the economy?
The government and international communities of States (e.g., the United States of America or the European Union) create the framework for the economy. In doing so, the State must be guided first of all by the principle of subsidiarity and help participants in the economy to help themselves. What business organizations can accomplish must not be organized by the government (privatization). When such assisted self-help is not possible, the State must act according to the principle of solidarity: the
#192. How can the financial market regain trust?
Besides a voluntary commitment to ethical principles, the greatest possible transparency of transactions is the most effective way of leading the banking and financial sector out of the worst crisis in its history. Furthermore, the international financial market must be regulated within a binding legal framework.
See more Q&A on:
Pontifical Council for the Promotion of New Evangelization (2016). DO CAT, THE SOCIAL TEACHING OF THE CHURCH. Word & Life Publishing, Manila, Philippines. DOCAT# 158-194, pages 157-183.
please answer this question : Demonstrate your clear understanding of the course content of module 7 by preparing a comprehensive summary, reflection, and effects of this COVID-19 pandemic to the economic situation of your family and at the same time by show casing an exemplary skill of making a week long budget proposal of the basic needs of your family during this time of COVID-19 pandemic.
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