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FATHIMA MEMORIAL TRAINING COLLEGE

PALLIMUKKU, KOLLAM

SRUTHI WILSON
B.Ed Social
Science
Candidate code :
16914352037

TOPIC:
COMMUNITY RESOURCES (ECONOMICAL
BANKS, MARKETS)

ONLINE ASSIGNMENT

EDU 09:10 THEORETICAL BASE OF SOCIAL

SCIENCE EDUCATION II

Submitted to
SINI MISS
WILSON

Submitted By
SRUTHI
B. Ed Social

Science

INTRODUCTION
A new trend that is visible in our educational programme these days, is the central
role assigned to the community. It is now emphasized that the education should be
of the community, by the community and for the community. This aim can be
achieved by bringing the community and school closer to each other.
For achieving unification between the school and the community we may allow the
direct participation of school in community life.
With such a participation school may help to provide solution to vital problems,
confronting the community.

ECONOMICAL INPORTANCE OF BANKS IN COMMUNITY.

Banking is now an essential part of our economic system. Modern trade and
commerce would almost be impossible without the availability of suitable banking
services. First of all, banking promotes saving. All manner of people, from the
ordinary laborers and workers to the rich land owners and businessmen, can keep
their money safety in banks and saving centers.
Secondly, banking promotes investments banks easily invest the money they get in
industry, agriculture and trade.
Thirdly, it is most through banks that foreign trade is carried on. Whether we
export or import, it is through banks that money is transferred from one nation to
another.

ECONOMICAL IMPORTANCE OF MARKETS IN THE COMMUNITY.

A market economy is an economy in which decisions regarding investment,
production and distribution are based on supply and demand. And prices of goods
and services are determined in a free price system.
The major defining characteristic of a market economy is that investment decisions
and the allocation of producer goods are mainly made by negotiation through
banks. This is contrasted with a planned economy where investment and
production decisions are embodied in a plan of production.
The market socialism involve employee owned enterprises based on self
management, as well as models that involve public ownership of the means of
production.

CONCULSION
Education should be of the community by the community and for the community.
This aim can be achieved by bringing the community and school closer to each
other. Economical resources of community such as banks and markets are
considered. Firstly banking promotes savings. Secondly, it promotes investments
and thirdly, banks are carried on foreign trade.
The major characteristic of a market economy is that investment decisions and the
allocation of producer goods are mainly made by negotiation through banks.
Reference : 1)
2)

Wikipedia, the free encyclopedia

http:// business finance . blutritl.com / 107 20S/what-is-the
importance of banks