Chapter 4
4. Give an example of the law of supply and demand by making a
mind map or a diagram for comparing.
SOCIAL STUDIES GRADE 7 91
Chapter 4
Words to learn Date: …./.…/….....
Picture Word Meaning
Equilibrium (n.) A state in which opposing
forces or influences are
balanced.
Aggregate (adj.) Formed or calculated by
the combination of several
separate elements; total.
Curve (n.) abgAlerlaliionndfeguitaossltrlryleaodniuggethlivtnthiaef.otewrsshoifcrmohme or
Correspond (v.) To have a close similarity;
match or agree almost
exactly.
Intersect (v.) Tpoasdsiivnigdeor(slyoimngetahcinrgo)ssbyit.
92 SOCIAL STUDIES GRADE 7
Chapter 4
4.4 Equilibrium price
By putting the supply and demand curves together,
economists can show
- how much of anything may be sold
- the price to sell it.
When supply and demand are equal, this is called
“the equilibrium price”.
SOCIAL STUDIES GRADE 7 93
Chapter 4
Hands on Activity Date: …./.…/….....
Instructions : Analyze and explain of Equilibrium price with
an example clearly.
94 SOCIAL STUDIES GRADE 7
Chapter 4
REVIEW
Hands on Activity Date: …./.…/….....
Part I : Thinking and Writing Activity
Instructions : Amnaakliynzgea"Smuipnpdlymaanpd iDnethmeabndo"xabnedloswu.mmarize by
SOCIAL STUDIES GRADE 7 95
Chapter 4
Hands on Activity Date: …./.…/….....
Part II : Presenting and Promoting Activity
Instructions : Make 5 groups of
students then choose a topic to
create the presentation or Social
Media of the Supply and Demand
to promote a Social Network. Each
presentation should be around 5
minutes long.
Hands on Activity Date: …./.…/….....
Part III : Brainstorming Activities
A : Brainstorming to answer the questions.
Instructions : Brainstorm to answer the given questions
together.
1. If a mobile phone costs 100 baht, is seller likely to sell many?
2. If the price goes up to 10,000 baht, is he likely to sell more or less?
96 SOCIAL STUDIES GRADE 7
Chapter 4
3. If a pan of pizza costs 500 baht, is the buyer likely to buy many?
4. If the price goes down to 50 baht, would the buyer buy more
or less?
5. What is different between supply and demand law?
Hands on Activity Date: …./.…/….....
Part IV : Vocabulary Activity
Dictation Test 1
Words Meaning
1.)
2.)
3.)
4.)
5.)
SOCIAL STUDIES GRADE 7 97
Chapter 4
Dictation Test 2
Words Meaning
1.)
2.)
3.)
4.)
5.)
Brain Teasers and study or do the research about
"Introduction to Geography"
Scan for the next lesson.
98 SOCIAL STUDIES GRADE 7
Chapter 4
Grading Myself I KNOW … ANAI LCYAZNE … I CAN DO …
I have learned
about…
dWanohdeasdt iietsmwthaoenrkdl?aawnodf hsouwpply
Supply and demand
curves
What is different between
supply and demand law?
Equilibrium price
Teacher's Evaluation Parent's Evaluation
SOCIAL STUDIES GRADE 7 99
Glossary
CHAPTER 1 : LIVING IN THAI SOCIETY
1.1 Introduction to Thai Society
Vocabulary Definition Thai Meaning
Tradition (n.) The transmission of customs or beliefs
from generation to generation.
Friendliness (n.) The quality of being friendly; affability.
Generosity (n.) The quality of being kind and generous.
Tolerance (n.) The ability or willingness to tolerate
something.
Regardless (n.) Without paying attention
to the present situation.
1.2 Thai Culture Definition Thai Meaning
Vocabulary
The ideas, customs, and social
Culture (n.) behaviour of a particular people or
society.
Isolation (n.)
The state of one ho is alone.
Influence (n.)
The capacity to have an effect on the
character, development, or behavior of
someone or something.
Contemporary (adj.) Living or occurring at the same time.
Relative (adj.) A person connected by blood or
marriage.
100 SOCIAL STUDIES GRADE 7
Glossary
1.3 Thailand’s Cultural Identity
Vocabulary Definition Thai Meaning
Attraction (n.) The action or power of evoking interest,
pleasure, or liking for someone or
(Oaudtjs.)tanding something.
Impolite (adj.) It is exceptionally good.
Not having or showing good manners;
rude.
(Aacdcj.e)ptable To be tolerated or allowed or to agree.
Unique (adj.) To be the only one of its kind; unlike
anything else.
1.4 What is the main culture in Thai society?
Vocabulary Definition Thai Meaning
Scenery (n.) Tcehospneesnicdaiaetulrleryadwl fiheneatneturprmeicsstuoorffeathsqleaiunreda.pscpaepaerance,
Myanmar (n.) The largest country in Mainland
Southeast Asia and the 10th largest in
Asia by area.
Geography (n.) The study of the physical features of the
earth and its atmosphere.
Destination (n.) The place to which someone or
something is going or being sent.
Absolutely (adv.) With no qualification, restriction, or
limitation; totally.
SOCIAL STUDIES GRADE 7 101
Glossary
1.5 Thailand’s Cultural Identity
Vocabulary Definition Thai Meaning
Buddhism (n.) BAtteranuaddcIindhtidhoinianag.nbsaraestlteirgdibiouontneodar tspoehrGiileoassuootapfmhoiracigailnal
Hinduism (n.) An Indian religion and dharma, or way of
Literature (n.) life which developed from Vedic religion.
Written works, especially those considered
of superior or lasting artistic merit.
Indigenous (adj.) Originating or occurring naturally in a
particular place; native.
Contribution (n.) A gift or payment to a common fund or
collection.
1.6 How many cultures are in Thai Society?
Vocabulary Definition Thai Meaning
Minority (n.) rAacgero, urepliogfiopne,oepthleniwchityo.se practices,
Population (n.) The number of people in a single area,
whether it be a city or town, region,
country, continent, or the world.
Khmer (n.) tnAhanetiAoKunhsamtlreloaranpsgieauotaipcgleela,onafgnCudaatgmheebsoopdffoiiack.ieanl abnyd
Karen (n.) A member of an indigenous people of
Hmong (n.) eastern Burma (Myanmar) and western
Thailand.
SAiinmEmmisAeoigsmlairaatbe.teedLrdamortgfooeauthnnpetueamoUinpSblv.eeAilrllslaisvgohineacgsvaettlrhlaerddouitMigoihnaoaoul.lty
102 SOCIAL STUDIES GRADE 7
Glossary
CHAPTER 2 : CONSTITUTION
2.1 Thai governmental structure
Vocabulary Definition Thai Meaning
(mCnooonnusantritcpuhhtiyroansael) LwAceohsauoyrnsnstetrMeypmoiosreworfuaeglbreooidsvuebtlimcrynoiamtneskedtiinntubtgtyiinoaannwacdhlomiqcnuohsentaiaeturnctihoyn
rTehveieawc.t of considering something again;
R(ne.)consideration Tofhgeohveeardnmoef ntht.e cabinet and the leader
Prime Minister (n.)
Parliament (n.) A legislative body of government.
(nOnefofwiucsnipaplahprearse) hbonAearunwsllleoesbgftfpieiancaeliipansneloaagrtu,iapcotzheefeforsiitcro.tieizda,eilcodmafftloiocpnipauitolubjrbloicoluisarrhntoioafpfnli,ucotbihaflfailicct ial
2.2 Thailand Constitution Day in Thailand
Vocabulary Definition Thai Meaning
Commemorate (v.) To call to remembrance or to recall and
show respect for (someone or something).
Annually (adv.) Once a year; every year.
Monarchy (noun) A form of government with a monarch at
the head.
Adoption (n.) The action or fact of choosing to take
up, follow, or use something.
N(antoiounnapl hhroalisdea)y A nationally recognized day when most
businesses and other institutions are closed.
SOCIAL STUDIES GRADE 7 103
Glossary
2.3 What is the latest version that Thailand uses as its constitution?
Vocabulary Definition Thai Meaning
Voter (n.) A person who votes or has the right to
vote at an election.
Approve (v.) Officially agree to or accept as
Participating (v.) satisfactory.
To take part in an action or endeavour.
Propose (vt.) To put forward (a plan or suggestion)
for consideration by others.
Public (n.) A group of individual people, and the
general public.
2.4 Principles of Democracy
Vocabulary Definition Thai Meaning
Democracy (n.)
A form of government in which the
Sovereignty (n.) people have the authority to deliberate
Cabinet (n.) and decide legislation.
A supreme ruler, especially
a monarch.
The executive departments of the
government.
(Rne.)sponsibility The state or fact of having a duty to deal
with something or of having control over
someone.
Citizen (n.) A legally recognized subject or national
of a state or commonwealth, either
native or naturalized.
104 SOCIAL STUDIES GRADE 7
Glossary
2.5 Thai society and democracy
Vocabulary Definition Thai Meaning
President (n.) A common title for the head
of state in most republics.
Elect (v.) To choose (someone) to hold public
office or some other position by voting.
Freedom (n.) The power or right to act, speak, or
think as one wants.
Participate (v.) Take part in an action or endeavour.
(Mnuotuunalprhersapseec) t icTnhodneivtrrieidbcuuoatiglosnnhistaiotvonemtvhaaakltuetawibnoleao/rirmemplaootrireotannsthip.
2.6 How sovereign power is applied
Vocabulary Definition Thai Meaning
Legislative (adj.) Having the power to make laws.
A(addmj.)inistrative Relating to the running
of a business, organization, etc..
Judicial (adj.) Relating to the administration
of justice.
Referendum (n.) A general vote
Community (n.) by the electorate on a single political
question that has been referred to them
fora direct decision.
A group of people living in the
same place or having a particular
characteristic in common.
SOCIAL STUDIES GRADE 7 105
Glossary
2.7 What are the main principles of emocracy?
Vocabulary Definition Thai Meaning
Foundation (n.) The action of establishing an institution
or organization.
Guarantee (n.) A legal term more comprehensive and
A(nc.)countability of higher import than either warranty or
"security".
The fact or condition of being
accountable; responsibility.
Principle (n.) A rule that has to be or usually is to be
Election (n.) followed.
ipAbnyudfbowivrlimihcdicuaohalffgliacoreorp.umoppuudltleiapctlieiosniioncndh-imvoidoasukeainslsgatpnorohcoeldss
2.8 Why do we need a constitution?
Vocabulary Definition Thai Meaning
Important (adj.) To be valuable in content
or relationship.
Determine (v.) Firmly decide.
Relationship (n.) The state of being connected by blood
or marriage.
Harmony (n.) The state of being in agreement or
concord.
Necessary (n.) To notice or to perceive something.
106 SOCIAL STUDIES GRADE 7
Glossary
CHAPTER 3 : INTRODUCTION TO ECONOMICS
3.1 Introduction to Thai Societ
Vocabulary Definition Thai Meaning
Need (n.) tfAhoarnttehiesedwsiuasrnvstioevmdaleootrhfriaenqgpuetihrrseaodt ni.sonreacethsisnagry
Want (v.) (Tsoomhaevtehinagd)e; swirisehtofopr.ossess or do
Satisfaction (n.) nFeulefidlms,eonrt tohfeopnele'saswuirsehedse,rievxepdefcrotamtiothniss,.or
Survival (n.) lTtohhneegceaorcnttthoinarunfaaatcinotonotfholefivrliifnpegeorosrorencxoiosnrttetinhnuicnieng.g
Challenge (n.) eTahnspeinesvcitiituaaaltliytoioinnntaoofgcbaoemminepgeotfreaacorergdtuamwkieethnptoa. rrt,
3.2 Why do we study economics?
Vocabulary Definition Thai Meaning
Attention (n.) iTtccnooohfosengorcnmameitcainevtttetiorhoarpintnsir.ngotagcoteeorsntoshfaeoadfbpisepsechlylraeienvctgietoivrtaehaslelypamencdint dof
Consumption (n.) Tsohme eatchtiinogn.of eating, using or drinking
Scarcity (n.) wThheicshtastoemoeftbheininggisscnaortceeasoyr atosfiitnudatoiorngient.
Produce (v.) Toor rmaawkmeoartemraianlsu.facturefromcomponents
Labour (n.) Work, especially physical work.
SOCIAL STUDIES GRADE 7 107
Glossary
3.3 Types of economics
Vocabulary Definition Thai Meaning
Economists (n.) Asopcriaolfesscsieionncael adnisdcipprlaincetitoiof neecroinnotmheics.
Individual (adj.) To be single or to be private.
(Mna.)croeconomics wAnfaaictbthitrooalnransarc,glhsepu-orscofchdeaucalceostnioivnorittmegy.reicenssetcrraoalnteecsceoarnnneoddmic
M(ni.c)roeconomics Atianhllebomrcbaaaenkthiicnoahgnvoiodofferescoccifsoaiinnorcdonemisvriirdceeussgoaathulrsardcatinensgsdtu.tdfhirieemss
Decision (n.) Acocnosnidcelurastioionn.or resolution reached after
3.4 What is different between supply and demand law?
Vocabulary Definition Thai Meaning
Model (n.)
tAoshtfratuahncrpetthueeerr-esdoo,irmntiygepoinnircastalhi.olilnnygaolonreraposrfemasaeplnlreotrapstoicosaneled
Quantity (n.) The amount or number of a material or
Relationship (n.) abstract thing not usually estimated by
Harvest (n.) spatial measurement.
Function (n.) boTrheeitnhgwinagcyosniannreewchctioecndhn.tewcoteodr,moor rtehepsetoapteleof
The process of gathering
a ripe crop from the fields.
ooArrntthhaeicntgpiv.uitryptohsaet oisf naaptuerraslotno
108 SOCIAL STUDIES GRADE 7
Glossary
3.5 Equilibrium price
Vocabulary Definition Thai Meaning
Equilibrium (n.) A state in which opposing forces or
Aggregate (adj.) influences are balanced.
Curve (n.) Fecoolemrmmbeeinndtasot;irotconataolclf.usleavteedrabl syetphearate
Correspond (v.) Adalellivonifaeitteossrleofrnuogtmlitnhbe. ewinhgicshtrgariagdhut afollrysome or
To have a close similarity; match or
agree almost exactly.
Intersect (v.) lTyoindgivaicdreo(sssoimt. ething) by passing or
3.6 Who was Adam Smith?
Vocabulary Definition Thai Meaning
Invisible (adj.) To be unable to be seen.
Philosophy (n.) oeaTscfhpkaenedsocetwuimadlleilycydodwgfiehst,hcereinpealfciunlointenyd.s,aiadmneedrenedtaxlaisnsteaantuncree,
Wealth (n.) Aornmaobnuenyd.ance of valuable possessions
Competition (n.) Tgeshateianbaolcirstiwhviiintnygsoosrumcpeoetnhrdiionirtgiiotynboyovfdesertfroeivtahitneingrgst.oor
Professor (n.) rAoetnhseeaarcrpacodhsetimn-ssiectictruoatnniodknaasrtyinuenmdivuoecsratstciitoioenusnaatnrnideds.
SOCIAL STUDIES GRADE 7 109
Glossary
3.7 Financial institutions
Vocabulary Definition Thai Meaning
Financial (adj.) Relating to finance.
Organization (n.) pAoranrgtooicrvguealarnnrimzpeuedrnptgodrsoeeup,pasroutmfcpheenaots.palebwuisthinaess
peAdunrupocroagstaieon.nizaal,tipornoffeosusnidoendal,foorrasorecliiaglious,
Institution (n.)
Production (n.) Ttfhrhoeempacrcootcimoenpssoonfoemfnbateskiinongrgrsaoowr mmmaaanntuueffraaiaccltstuu,rroienrdg.
C(aodmj.)mercial Icintotcemonmndceeerdrcnteoeodmrwaitiktrheeloaartpeerdnogftiota.gmeadkiinng or
3.8 Sufficiency Economy
Vocabulary Definition Thai Meaning
Career (n.) The job or series of jobs that you do
during your working life, especially if you
continue to get better jobs and earn more
money.
Initiation (n.) Cause (a process or action) to begin.
Sufficiency (n.) aThdeeqcuoantdeitoiornsuofrfiqciueanltit.y of being
Self-reliance (n.) Reliance on one's own powers and
resources rather than those of others.
M(na.)nagement Tchoentrporlolicnegstshionfgdseoarlipngeowpilteh. or
110 SOCIAL STUDIES GRADE 7
Glossary
CHAPTER 4 : SUPPLY AND DEMAND
4.1 What is the law of supply and demand and how does it work?
Vocabulary Definition Thai Meaning
Supply (n.)
Demand (n.) oThr ewaanctteiodn. of providing what is needed
Commodity (n.) An insistent and peremptory request,
made as of right.
Product (n.) A substance or product that can be
traded, bought, or sold.
Seller (n.) Something that is made to be sold
or something that is produced by an
industrial process or something that is
grown or obtained through farming.
A person who is selling something
4.2 Supply and demand curves
Vocabulary Definition Thai Meaning
Produce (v.) To make or manufacture from
components or raw materials.
Curve (n.) A line that bends continuously and has
no straight parts.
Consumer (n.) A person who buys goods or services
for their own use.
(Enq.)uilibrium price The price where the demand for a
product or a service is equal to the
supply of the product or service.
Increase (v.) To (make something) become larger in
amount or size.
SOCIAL STUDIES GRADE 7 111
Glossary
4.3 What is different between supply and demand law?
Vocabulary Definition Thai Meaning
Model (n.)
A three-dimensional representation
Quantity (n.) of a person or thing or of a proposed
Relationship (n.) structure, typically on a smaller scale
Harvest (n.) than the original.
The amount or number of a material or
abstract thing not usually estimated by
spatial measurement.
The way in which two or more people
or things are connected, or the state of
being connected
The process of gathering a ripe crop
from the fields.
Function (n.) An activity that is natural to or the
purpose of a person or thing.
4.4 Equilibrium price
Vocabulary Definition Thai Meaning
Equilibrium (n.) iAnfslutaetnecienswahriechbaolpapncoesidn.g forces or
Aggregate (adj.) Formed or calculated by the
combination of several separate
elements; total.
Curve (n.) A line or outline which gradually
deviates from being straight for some or
all of its length.
Correspond (v.) To have a close similarity; match or
agree almost exactly.
Intersect (v.) To divide (something) by passing or
lying across it.
112 SOCIAL STUDIES GRADE 7
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