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An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
It's a complicated system, but basically: Exporting is how a nation makes its money. It is an indication of the nation's prosperity. A decline in exports almost always means a dip in the economy. Importing goods from other nations is how a country benefits from the global market. America imports huge amounts of cars, computers, other electronics, and other goods from other nations. When imports drop, it usually means that consumers don't have money to buy foreign goods, which is also a problem. Exporting and importing are very good but must be balanced.
oil prices increased
Can't get a fair price for their products
oil prices increased
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
It's a complicated system, but basically: Exporting is how a nation makes its money. It is an indication of the nation's prosperity. A decline in exports almost always means a dip in the economy. Importing goods from other nations is how a country benefits from the global market. America imports huge amounts of cars, computers, other electronics, and other goods from other nations. When imports drop, it usually means that consumers don't have money to buy foreign goods, which is also a problem. Exporting and importing are very good but must be balanced.
The number one problem in the Philippines are corruption,poverty and crime.
problem of the Philippines involve economics
I did not encounter any problems. I am here to assist you with any questions or information you need.
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problem could be any difficulty an individual encounter in everyday life.
Can't get a fair price for their products
oil prices increased
Some of the specific social problems in the Philippines includes unemployment which leads to crime and prostitution. Child labor is another specific problem in the Philippines.
CORRUPTION...