10 Economic Problems of the Philippines 1. Over-dependence on Global Economy The growth of the Philippines economy drastically slowed to just 3.6% in the first three quarters of 2011‚ which is significantly less than the 7%-8% growth targeted by administration’s Philippine Development Plan (PDP). Though the slowdown may have been due to the ongoing global crisis‚ it was markedly slower in comparison to other South-East Asian neighbors. Economic performance figures indicated a contraction
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Basic Economic Problem Lord Robbins defines economics as a social science which studies between ends and scare means which have alternative uses. Ends- want Scare means- Limited resources Alternative uses- different Scarcity Humans being are greedy by nature. As such‚ there wants are unlimited or infinite. However the resources available in form of land‚ labour‚ capital and enterprise that are being use to produce goods and services are scare or unlimited. This give rise to the basic economic problem
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Big Problems Thailand‚ like other countries‚ is facing several problems. Many are trivial; some are significant or BIG. I have reflected on the big problems‚as a Thai fellow‚ that I think are challenging the well-being of Thailand. In fact‚ a small-scale survey conducted by one of my students revealed that the four big problems were ranked as follows: 1. Economic Problem 2. Red-Yellow Groups 3. The Deep South It was found that the environment-related problems (such as global warming
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Why the choice of the textbook ECONOMICS‚ An Introduction by Villegas and Abola? * The book is contextualized to the Philippine economic setting---learning of economic principles is immediately related to the current situation and issues facing the economy. Students will therefore be learning not abstract or foreign concepts but concrete ones they can relate with and use to explain socio-economic phenomena they experience‚ and most likely motivate them to take constructive action on these phenomena
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Economic Problems of the Philippines Economic problems of the Philippines are very similar to those being battled by other underdeveloped and developing nations. After a long tryst with colonization‚ the nation is now grappling with increased imports and a mixed economy that is still to stabilize. The Republic of the Philippines is located in Southeast Asia and Manila is its capital city. The country comprises 7‚107 islands and ranks as the 12th most populous country in the world. Like most other
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Smoking as a social problem affecting family life. Cigarette smoking has entered almost every household under the guise of a normal and yet slightly unhealthy habit. Family life includes many aspects and perhaps one of the most important is health. Despite the fact that most people in today’s society are aware of smoking-related dangers‚ many smokers continue to use cigarettes. Although many smokers justify their smoking habit with an excuse that it is their own decision to damage their bodies
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ECONOMIC PROBLEMS OF PAKISTAN Pakistan was established in 1947 and since its inception; it has been surrounded by countless issues‚ some of which are confined to ill-formed/missing infrastructure‚ insufficient refined resources‚ barren or obsolete factories and technologies‚ the Kashmir controversy and other fronts also involving an ever-ready enemy to underscore its efforts towards progress. Despite being rich in natural resources‚ Pakistan has so far been a developing country with limited development
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Economic problem of Pakistan As we know Pakistan in an underdeveloping country. The following are some characteritics of under developing economy.. 1. Under utilization of natural resources: * The natural resources in poor economies are sufficeient but they don’t have sufficicent money to exploit these resources. A large part of the land is under or unicultivate. Huge water resources are wasted. Sea and mineral resources are not properly tapped. * In Pakistan 23% of the
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environmental problem WHAT ARE OUR TOP 10 ENVIRONMENTAL PROBLEMS? by Whit Gibbons March 26‚ 2006 Listing the top 10 of a group is always appealing. Ten most-wanted fugitives by the FBI. Top ten songs‚ books‚ and best-dressed celebrities. And David Letterman‚ with his list of items such as Top Ten... Premium2182 Words9 Pages Top 10 Computer Troubleshooting Tips Your computer may hang; send error messages‚ or worse‚ no longer work at all. For computer users‚ troubleshooting problems can stop their
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BASIC ECONOMIC PROBLEM Scarcity is one of the most basic economic problem that we faced. Why we run into scarcity because we are in a society with unlimited wants‚ but limited resources. Therefore‚ we have to choose‚ to make trade-offs. We have to efficiently allocate resources‚ and we have to do those things because resources are limited and cannot meet our own unlimited demands. Choice and opportunity cost are two basic concepts in economics. Because of scarcity‚ consumers‚ businesses and governments
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