Activity No.

Name: Mary Grace Lobina Colambo

BTVTED FSM-1B

What are the effects of multinational corporations in the Philippine economy?

- Yes, cause I believe that having that kind of way or process there’s a lot of
tendency to grow the Philippine economy. The most important benefit is that they
create jobs, which is important for those who are unemployment rate is high. More
foreign corporations or visitors coming form other country should be welcomed in the
Philippines as long as the government has rules in place to maintain the unity to
prevent the some doing when the Filipino trying to socialize in the other foreigner
and of course to having good transactions. And I think when we continue to do the
multinational corporations also a lots of tendency that the Philippines will grow more
and become a beautiful and prosperous country .

2. Analyze the socialism and capitalism in relation with the Philippine society.
Which of these economic systems would work in our country?
-Socialism is an economic and political system under which the means of production are
publicly owned. Production and consumer prices are controlled by the government to
best meet the needs of the people, Capitalism is economic system based on the private
ownership of the means of production and their operation for profit. Central
characteristics of capitalism include capital accumulation, competitive markets, price
system, private property, property rights recognition, voluntary exchange, and wage.
And based on the analyzing between socialism and capitalism, the capitalism will help
the most because from the word capital, we know that capital or money is needed, we
need a capital from those business to improve or grow and in capitalism there is a lot or
possibility or a chance to work or grow in one country which is capitalism.

3. If you graduated four years from now, what kind of jobs will best suit you is
it in primary labor market or in secondary labor market. Why?
-For me I see my self 4 years form became a Primary labor market because what I
took was Education and I believe that I can overcome all the challenges in life and I
can surpass all the challenges cause I know in myself that I can do it and I have
focus I am really in my goal to become a (LPT) License Professional teacher
someday. And of course to achieve that goal I need to have a patience and passion
is a must in planning a future career, because patience can help us not to be rush
and wait when the right time comes and passion can be shown if we love our work
and what we're doing. And this kind of mindset I think can lead me to a better future
to the future of being a Primary Labor Teacher Soon.