To evaluate the Philippines economic resources you have to look at the plants that are working. The amount of money that each resource is generating is another factor that can be used for the evaluation.
One theory being observed in the Philippines is the "Resource Curse Theory," which suggests that countries abundant in natural resources may face challenges such as corruption, economic instability, and slow development due to mismanagement or overreliance on these resources. The impact of this theory is being studied in the context of the Philippines' rich natural resources and how they contribute to the country's overall economic development.
In terms of economic status, Philippines are still not stable. In terms of natural resources, Philippines has spices, minerals, and exotic animals and places. Also, the happiness of its citizen is unremarkable....
economic stability of the philippines
The Philippines is rich in natural resources such as mineral deposits (copper, gold, nickel), fertile land for agriculture, marine resources (fisheries and aquaculture), and geothermal energy. Additionally, the country also has a skilled workforce and a growing tourism industry as key resources for economic development.
why the Philippines is considered rich in Natural Resources
why the Philippines is considered rich in Natural Resources
The Philippines is rich in natural resources, such as minerals, agriculture and marine resources. It is made up of many types of bodies of water and beautiful coast lines.
Mixed Economy
have The Philippines have many natural resources.
The Philippines is not considered the richest country in Asia. In fact, countries like Japan, China, and South Korea have higher GDPs and stronger economies. The Philippines faces economic challenges such as income inequality and poverty.
The archipelagic geography of the Philippines, comprising over 7,000 islands, has both facilitated and hindered economic activity. It has enabled the development of fisheries, tourism, and trade due to extensive coastlines and marine resources. However, the dispersed nature of the islands has made infrastructure development challenging and increased transportation costs, affecting economic growth and connectivity between regions.
there are two types of economic resources: a. Property resources b. human resources