There is a positive and negative effect.
POSITIVE:the business owners doesn't pay any tax bills.And obviously the NEGATIVE effect is that there are many goods and products that are illegally brought in our country.
To undermine the "official" or open economy of a country or place. One immediate effect is that the money going through the underground economy is not subject to value added tax or VAT, so the state will lose some potential income.
Political dynasty in the Philippines first started with the Spanish colonists. This system of oligarchy is considered by some to be the cause of corruption within their government.
The Philippines have not been 'under' Spain for more than 100 years.
The effects were to help the slaves reach freedom.
Industrialization helps to strenthen the economy.
hahahaha!! Stupid!! you don't know the history?? hahaha!! Im a korean but I still know! hahaha :)))
generates income in philippines economy:)
The area of the Philippines is a major influence in the economy. It determines who they can trade with and what foods can be produced.
The economy of Philippines is based on free enterprise.
Yes. Philippines is a mixed economy
what are the effects of mning in the philippines
The Philippines is not nearly as industrialized. The economy is unstable.
The effects of corruption in the Philippines are so many. Some of the common ones include slow development, lack of proper infrastructure, the economy suffers a great deal as well and efficiency in service delivery leaves a lot to be desired.
probably one of the best economy in the world. philippines economy before is top 2 in asia.
This question is too obscure. The effects of what on the economy?
causes nad effects of brain drain of the Philippines
nature
The effects of economic inflow in the Philippines has given this country a false sense of security in the past by eluding to having more money than is readily available. The economic outflow has thrown the Philippines into a state of debt.