Four Basic Economic

Questions: Answered
NATHANIELLE P. CATALAN

BA-MA 102
SUBMITTED TO | MRS. ELIZABETH COLLINS
 Red Chili Peppers
1. What to produce? and Rice

Recently, red chili peppers

reportedly soared to as much as
P1,000 per kilo in Philippine
markets. Vendors blamed both
on rising inflation and recent
inclement weather that flooded
farms and ruined the country’s
supply of vegetables.

If to produce more red chili

peppers, the prices could
downplay.

Over the years, rice has become

more expensive in the
Philippines than in most
developing countries of Asia.

Rice is a Filipino staple food so

there shouldn’t be a rice crisis. It
should be produced more.

Philippines is an agricultural
country, so these crops
shouldn’t be a problem if given
enough support. The country
has enough land and resources
to operate.
 The entire
4. for whom to produce? Filipino society

Rice is a staple food of the

Filipinos. It is said that we
cannot survive without eating
three rice meals every day. It is
important for every Filipino to
have enough supply of rice.
Red chili peppers have been a
part of Filipino cuisine already,
as we love eating spicy foods,
especially those from the
northern provinces. Filipinos
put peppers even on the
simplest recipes.
Red chili peppers and rice are a
part of a Filipino’s everyday life
so it is essential that these crops
reach every Filipino’s dining
table.
Proper economic production
and distribution is the way to
solve these price and shortage
crises.
3. How much to produce?
 Enoughthe
Strengthen to use
ofdownplay
labor intensive
the
2. How to produce? production and
prices of the
mix with capital
peppers and
intensive
solve the rice
crisis
The government should support
our local farmers so as to lessen
our imports and consume only
The charts
what’s ours. and data of supply,
demand,
Farmers shouldand market
be compensated
equilibrium
with more thanshould be looked
enough, at
provide
to determine how much
them benefits and trainings. crops
are
Evenneeded
the to meet our goals.
agricultural sectors
When the amount demanded
and researchers of the country
equals thesupported.
should feel amount supplied,
then
The government equilibrium
market should also is
achieved,
invest onwhere the quantity
machineries and
equals the equilibrium
equipment that would make the
quantity and easier
farming work the price equals
and faster.
the equilibrium price.
Locals can also plant red chili
peppers on their houses to
devalue the price of peppers in
the markets.