Scribd Logo
Upload

Welcome to Scribd!

  • CHAPTER 2 - The Philippine Economy-Converted (PART 1)

    Uploaded by

    Arnel De Los Santos
    20 views3 pages
    The document discusses factors that affect the Philippine economy and how an economy grows. It explains that the Philippine economy is composed of businesses, enterprises, households, and the government. It also notes that economic freedoms like competition and choice of investments impact prices. Additionally, it states that knowledge, skills, values and human capital are the main drivers of economic growth.

    Original Description:

    Original Title

    CHAPTER 2 - The Philippine economy-converted (PART 1)

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses factors that affect the Philippine economy and how an economy grows. It explains that the Philippine economy is composed of businesses, enterprises, households, and the government. It also notes that economic freedoms like competition and choice of investments impact prices. Additionally, it states that knowledge, skills, values and human capital are the main drivers of economic growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views3 pages

    CHAPTER 2 - The Philippine Economy-Converted (PART 1)

    Uploaded by

    Arnel De Los Santos
    The document discusses factors that affect the Philippine economy and how an economy grows. It explains that the Philippine economy is composed of businesses, enterprises, households, and the government. It also notes that economic freedoms like competition and choice of investments impact prices. Additionally, it states that knowledge, skills, values and human capital are the main drivers of economic growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 3

    THE PHILIPPINE ECONOMY:

    HOW DOES AN ECONOMY


    GROW
    OBJECTIVES
    • Orient people on the status of Philippine Economy
    • Identify factors that greatly affects the business establishments in our country
    • Explain how a specific economy grows
    • Discuss how entrepreneurship could help improve the quality of life
    THE PHILIPPINE ECONOMY
    • The national economy is composed of business, enterprises,
    households and the government
    • There are economic freedoms , like free competition, free
    choice of investments and the prices, which are determined
    by the interaction between demand and supply
    • In economic development, knowledge, skills, values, and
    the quality of people are the main determinants of
    economic growth
    • There were inhabitants in the Philippines about 250,000 to
    300,000 yeas ago. They arrived from other countries through
    the

    You might also like