The 5 common problems in the Philippines
1. Poverty
2. Unemployment
3. High Population
4. Graft and Corruption
5. Peace and order
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give examples of socio economic issues?
Amend the 1987 constiturion and start economic liberation abolish the 60/40 economic provision and start the open door policy this will attract FDI. Eliminate the red tape create a one stop center for the investor who wants to invest here. Give tax holidays for: investor who will employ Filipinos about 95% of its workforce Patronized local products etc
To legalize herb
The basic economic problem which is Scarcity give rise to 3 fundamental problems. 1) What to produce (Type & how many) 2) How to produce (Methods of production) 3) Whom to produce for (Not for everyone will get the good) Because of limited resources.
what are the three approaches to measuring economic activity and why do they give the same answer?