'Private Sector': Republic Act No. 7721

A national economy refers to the economy of an entire country.
The national economy includes

financial resources and management. It encompasses the value of all goods and services
manufactured within a nation.In the mid-18th century, economist Adam Smith defined the
elements of a national economy based on the following key concepts: competition (which
determines the value of goods and services), supply and demand, and the division of labor.
These are still used to analyze the economic state of nations. National economies are often
discussed in terms of their gross national product, which is the estimated value of a country's
production by its nationals within its geographic boundaries, and gross domestic product, which
is the estimated worth of a country's production by its citizens.
REPUBLIC ACT NO. 7721

.AN ACT LIBERALIZING THE ENTRY AND SCOPE OF OPERATIONS OF
FOREIGN BANKS IN THE PHILIPPINES AND FOR OTHER PURPOSES.
SECTION 1. Declaration of Policy. The State shall develop a self-reliant
and independent national economy effectively controlled by Filipinos and
encourage, promote, and maintain a stable, competitive, efficient, and
dynamic banking and financial system that will stimulate economic growth,
attract foreign investments, provide a wider variety of financial services to
Philippine enterprises, households and individuals, strengthen linkages with
global financial centers, enhance the country's competitiveness in the
international market and serve as a channel for the flow of funds and
investments into the economy to promote industrialization.
'Private Sector'
The private sector encompasses all for-profit businesses that are not owned or operated by
the government. Companies and corporations that are government run are part of what is
known as the public sector, while charities and other nonprofit organizations are part of the
voluntary sector.
CARP, or the Comprehensive Agrarian Reform Program, is the redistribution of public and private
agricultural lands to farmers and farmworkers who are landless, irrespective of tenurial arrangement.
CARPs vision is to have an equitable land ownership with empowered agrarian reform beneficiaries who
can effectively manage their economic and social development to have a better quality of life.
REPUBLIC ACT NO. 6657(1998) It is the policy of the State to pursue a Comprehensive Agrarian Reform
Program (CARP). The welfare of the landless farmers and farmworkers will receive the
highest consideration to promote social justice and to move the nation toward sound rural development
and industrialization, and the establishment of owner cultivatorship of economic-size farms as the basis of
Philippine agriculture.
Indigenous people are people defined in international or national legislation as having a set of
specific rights based on their historical ties to a particular territory, and their cultural or historical
distinctiveness from other populations that are often politically dominant.
REPUBLIC ACT NO. 8371- AN ACT TO RECOGNIZE, PROTECT AND PROMOTE THE RIGHTS OF
INDIGENOUS CULTURAL COMMUNITIES/INDIGENOUS PEOPLES, CREATING A NATIONAL
COMMISSION ON INDIGENOUS PEOPLES, ESTABLISHING IMPLEMENTING MECHANISMS,
APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES
Sectoral organ..The party-list system is a mechanism of proportional representation in

the election of representatives to the House of Representatives from national, regional
and sectoral parties or organizations or coalitions thereof registered with the
Commission on Elections (COMELEC).
REPUBLIC ACT No. 7941 AN ACT PROVIDING FOR THE ELECTION OF PARTY-LIST
REPRESENTATIVES THROUGH THE PARTY-LIST SYSTEM, AND APPROPRIATING FUNDS
THEREFOR
Community organization covers a series of activities at the community level aimed at bringing
about desired improvement in the social well being of individuals, groups and neighborhoods.
A non-governmental organization (NGO) is a not-for-profit organization that is

independent from states and international governmental organizations. They are
usually funded by donations but some avoid formal funding altogether and are run
primarily by volunteers.
Communication-means of connection between people or places, in particular.
[REPUBLIC ACT NO. 10844] AN ACT CREATING THE DEPARTMENT OF

INFORMATION AND COMMUNICATIONS TECHNOLOGY, DEFINING ITS POWERS
AND FUNCTIONS APPROPRIATING FUNDS THEREFOR, AND FOR OTHER
PURPOSES
AN ACT TO PROMOTE AND GOVERN THE DEVELOPMENT

OF PHILIPPINE TELECOMMUNICATIONS
AND THE DELIVERY OF PUBLIC TELECOMMUNICATIONS
SERVICES.
AN ACT PROVIDING FOR A LOCAL GOVERNMENT CODE OF 1991 SECTION 2.

Declaration of Policy. (a) It is hereby declared the policy of the State that the territorial
and political subdivisions of the State shall enjoy genuine and meaningful local
autonomy to enable them to attain their fullest development as self-reliant communities
and make them more effective partners in the attainment of national goals. Toward this
end, the State shall provide for a more responsive and accountable local government
structure instituted through a system of decentralization whereby local government units
shall be given more powers, authority, responsibilities, and resources. The process of
decentralization shall proceed from the National Government to the local government
units.
A political family or political dynasty is a family in which several members are

involved in politics, particularly electoral politics. Members may be related by blood or
marriage; often several generations or multiple siblings may be involved.
Graft, as understood in American English, is a form of political corruption, being the

unscrupulous use of a politician's authority for personal gain. The term has its origins in
the medical procedure whereby tissue is removed from one location and attached to
another for which it was not originally intended.

ANTI-GRAFT AND CORRUPT PRACTICES ACT
Public disclosure is any non-confidential communication which an inventor or

invention owner makes available to one or more members of the public, revealing the
existence of the invention and enabling an appropriately experienced individual ("person
having ordinary skill in the art") to reproduce the invention.

'Private Sector': Republic Act No. 7721

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A national economy refers to the economy of an entire country.

The national economy includes

REPUBLIC ACT NO. 7721

Sectoral organ..The party-list system is a mechanism of proportional representation in

A non-governmental organization (NGO) is a not-for-profit organization that is

Communication-means of connection between people or places, in particular.

[REPUBLIC ACT NO. 10844] AN ACT CREATING THE DEPARTMENT OF

REPUBLIC ACT NO. 7925

AN ACT TO PROMOTE AND GOVERN THE DEVELOPMENT

AN ACT PROVIDING FOR A LOCAL GOVERNMENT CODE OF 1991 SECTION 2.

A political family or political dynasty is a family in which several members are

Graft, as understood in American English, is a form of political corruption, being the

REPUBLIC ACT NO. 3019

Public disclosure is any non-confidential communication which an inventor or

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