What makes up the Philippines as a country?
What makes up the Philippines as a country?
It is an archipelago consisting of some 7,100 islands and islets lying about 500 miles (800 km) off the coast of Vietnam. Both are part of the National Capital Region (Metro Manila), located on Luzon, the largest island. The second largest island of the Philippines is Mindanao, in the southeast.
Why is full employment important?
When the economy is at full employment that increases the competition between companies to find employees. This means skilled workers can demand higher wages with more benefits and businesses are more likely to grant them. This can be very good for individuals but bad for the economy over time.
What is the scope of gender studies?
Those who want to contribute for the betterment of the society in many areas for women and people with alternate sexualities and gender identities, and in several cases for men can do through human resources management and development, gender equality authorities and activist can take up these courses.
Who benefits from a mixed economy?
The public sector in a mixed economy alleviates the disadvantages of a free market. Private companies might neglect some industries that are essential or bring social welfare because of their low profitability.
Why is equity important in society?
Some societies view equity as a worthy goal in and of itself because of its moral implications and its intimate link with fairness and social justice. Policies that promote equity can help, directly and indirectly, to reduce poverty. Policies that promote equity can boost social cohesion and reduce political conflict.
What is the role of the government in a mixed economy?
Mixed economic systems are not laissez-faire systems, because the government is involved in planning the use of some resources and can exert control over businesses in the private sector. Governments may seek to redistribute wealth by taxing the private sector, and using funds from taxes to promote social objectives.
What are the advantages and disadvantages of government involvement in the economy?
There are benefits and drawbacks to command economy structures. Command economy advantages include low levels of inequality and unemployment, and the common good replacing profit as the primary incentive of production. Command economy disadvantages include lack of competition and lack of efficiency.
Why is Philippines a mixed economy?
The Philippines has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation. Philippines is a member of the Asia-Pacific Economic Cooperation (APEC) and the Association of Southeast Asian Nations (ASEAN).
What is the importance of gender studies?
Why is this such an important research area? Gender research is vital because sex, love, care, and reproduction are basic dimensions in life, and yet, the meaning of gender is contested. Gender research offers updated empirical knowledge about gendered practices, norms, and discourses in politically significant ways.
Why is gender discrimination important?
Sustainable development relies on ending discrimination towards women, and providing equal opportunities for education and employment. Gender equality has been conclusively shown to stimulate economic growth, which is important, especially in countries with higher unemployment rates and less economic opportunity.
Is there a perfect economic system?
In fact, historically neither economic system has ever existed in a pure sense, and socialism has never been permitted to exist in anything like Marx and Engels envisioned as a result of outside pressure from other nations and economies.
Why South Africa is a mixed economy?
South Africa is a country located at the southern tip of the African continent. South Africa has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.
Why is equity important in education?
An equitable education system helps all students develop the knowledge and skills they need to be engaged and become productive members of society. More importantly, giving all children an equitable start would lead to better economic and social outcomes for individuals, for regions, and for our nation.
What is meant by mixed economy?
A mixed economic system is a framework that incorporates both capitalist and socialist elements. A mixed economic system preserves private property and allows a degree of economic independence in capital use but also enables governments to intervene in economic activities to accomplish social goals.
Is the economy of the Philippines growing?
Philippines Economic Growth FocusEconomics Consensus Forecast panelists project GDP to increase 7.1% in 2021, which is down 0.1 percentage points from last month’s estimate. For 2022, they forecast economic growth of 6.4%.
What is the goal of an economy?
National economic goals include: efficiency, equity, economic freedom, full employment, economic growth, security, and stability.