An answer to a question like this would require a book, and the book would probably be wrong. The economics of any one nation are very complex and problems do not have simple solutions.
The Philippine economy is currently facing the problem of cushioning the effects of the global financial crisis on the productive sectors as well as on the most vulnerable group, the poor.
Current socio-economic problems the Philippines faces is corruption. Corruption is prevailant at all government levels of the country and is currently facing several scandals nationwide.
causes of econimic downfall in the philippies
The Philippine economy is currently facing the problem of cushioning the effects of the global financial crisis on the productive sectors as well as on the most vulnerable group, the poor.
Its not enough bcoz it doesn't only need an economic solution it needs a government that is honest.......especially now a days. Corruption is rampant
Assuming an incorrect current in a problem can lead to inaccurate results and potentially wrong conclusions. It may mislead the analysis and cause errors in calculations, impacting the overall solution. It is essential to use accurate input data to ensure the validity and reliability of the problem's solution.
POVERTY
the problem is that they dont have problem...
Walang Problema.
define economic problem
It is a solution.
For every problem there is a solution to the problem, just as you can have a key to a lock.However for a problem you have a special solution for the problem just as you have a key made for a particular lock.