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Widely recognized as a newly industrialized country, the economy of the Philippines is transitioning from one being based on agriculture to one being based on services and manufacturing. Currently the 13th largest economy in Asia, they are projected to be 5th largest in Asia by the year 2050. Challenges to achieving more inclusive growth persist, as wealth remains concentrated in the hands of the wealthy.
What else can I help you with?
What economic system Philippines belong?
Mixed Economy
What type of economic system does the Philippines have?
mixed economic system
How the economic system of the Philippines developed?
The economic system of the Philippines is developed through the exportation of goods and the tourism that we had. Every region in the Philippines has it's own product like banana, in Davao City and etc.
How did monetary system of the Philippines developed?
The economic system of the Philippines is developed through the exportation of goods and the tourism that we had. Every region in the Philippines has it's own product like banana, in Davao City and etc.
What is economic stability of the Philippines?
economic stability of the philippines
How did imperialism affect Philippines?
The US fought them in the Spanish American War.
Is Philippines a socialist country?
Yes! they are capitalist country though, but socialist in hiding!
In his economic system Smith believed that the basic economic questions were answered by the?
market xtine In short, the economic activities in the Philippines are both free of intervention and with government regulations. It may be regared as mixed economy.
What economic goals do you think are pursued in the Philippines?
Economic Growth
What is mixed economic system in the philippines?
The mixed economic system in the Philippines combines elements of both capitalism and socialism. In this framework, the government plays a significant role in regulating and guiding economic activities while allowing for private enterprise and market competition. Key industries, such as utilities and transportation, may be state-owned or regulated, while other sectors are open to private investment. This system aims to promote economic growth and social equity, addressing the needs of the population while fostering a competitive market environment.
What are the economic goals in the Philippines?
The economic goals in the Philippines are many. The most important include equity, economic growth, more employment opportunities and stability among others.
What is the system of Measurement adopted in the Philippines?
what is the system of measurement adoptd by the philippines
