Learning Outcomes:

1. Describe the Philippine economic landscape in the present time.

2. Explain the different factors in determining economic growth
3. Examine the contributory determinants in the making of an economy
4. Discuss the role of employment as a contributory factor in economic development; and
5. Explain entrepreneurship and socio-economic development.

PHILIPPINE ECONOMIC LANDSCAPE IN THE PRESENT TIME

The Philippine economic landscape remains to be the spring board of questions when economic
development is the focus of discussion. The leaders of this nation, aims greatness for the Filipino people especially
during the time of election. Their honest intention of improving the economic condition is their battle cry that
catapulted them into power, yet in spite of the many promises Filipinos remain poor. Instead of improving the living
condition of the Filipinos , they amassed wealth as a preparation for the next election. Politics becomes an
investment for power and money and it is not the true essence of public service.

The two important factors that hinder our growth as a Nation;

1. Poverty – is the mkingg of its people and the kind of leaders that holds the wheels of economic fortune.
2. Population – explosion is another factor that contributes to the poverty off our nation.

FACTORS IN DETERMINING ECONOMIC GROWTH

1. THE FILIPINO VALUES AND CULTURE

a. Love for imported products
b. Our values of BAHALA NA
c. Our crab mentality
d. The MANANA HABIT
e. The value of time
f. Our values of HIYA
g. Fiesta and social occasions
2. JOB OPPORTUNITIES / EMPLOYMENT
a. Employment is one great factor in economic development
b. Income opportunity in the countryside is still subsistence in nature
3. AVAILBILITY OF NEEDED CAPITAL
4.