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    I. Pre-Assessment: (Research Analysis)

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    Jeyem Marcos
    Economics for managament

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    I. Pre-Assessment: (Research Analysis)

    Uploaded by

    Jeyem Marcos
    8 views2 pages
    Economics for managament

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    ECO ACTIVITY 2

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    Economics for managament

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    8 views2 pages

    I. Pre-Assessment: (Research Analysis)

    Uploaded by

    Jeyem Marcos
    Economics for managament

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    John Mark R.

    Marcos Economics 9:30-10:30 (MWF)


    BSA-1C/305

    Eco1-Managerial Economics
    Module 2

    I. Pre-Assessment: (Research Analysis)


    1. Based on your personal observation, briefly discuss the current status of the
    Philippine economy.
    Guidelines:
    1. Government system and its performance
    2. Various social unrest and crimes
    3. Environmental status
    Explanation:
    - Philippine economic system is mixed economy which is majority of the
    industry is own by private individual and regulated by governments. The
    governments regulation makes the industry balanced. Every individual has the
    opportunity to do business. Philippines are very rich in natural resources but it
    is not properly utilized. Because of the unlimited wants of the individual and
    unproper allocation of Filipinos the environment will slowly deteriorate. So
    far, our economy is rapidly increasing compared to neighbor country.

    II. General Summary:


    The distribution of goods and services will depend partly on the availability of
    resources, the laws, customs and traditions prevalent in a given in a society.
    Distribution shall also depend partly on the objectives of the economic system the
    society has adapted

    NOTE: Generate your own generalization.


    - The main economic goal of all country is to uplift the economic status of the
    country and to fight the poverty in which all individual in country has access
    to all available resources and allocated it properly. Therefore, government and
    the private sector must have the same goal and work together to attain
    economic goal.
    III. Post-Learning Assessment:
    Guide Questions:
    1. Characterize the Philippines economy and identify what economic system is
    applied?
    - Philippine economy is characterized as mixed economics which there is a
    dynamic interaction between the markets and the governments. I think the
    mixed economy is the best for the philippines because everyone has the
    opportunity to do business. However there is a government interventions
    which they impose rules to regulate the business and make sure that they don’t
    abuse their power.

    2. Research on some of the criteria to be considered in choosing the best economic


    system.?
    - Some of the criteria to be considered the best economic system are when there
    are full employment in the country, there is a security which the country has
    peace and order, there is economic freedom which indivial has freedom of
    choice, there is economic efficiency, there is economic equity where the
    distribution of wealth and income is equal, and lastly there price stability and
    balance of trade.

    3. Do you consider that the Philippines is a mixed economy? Why? Justify your
    answer.
    - I consider the Philippines is mixed economy because most of the industry is own
    by private individuals and the governments own some organization that helps
    the Filipinos. Even though there is freedom in individual the government
    regulated it. For instances, there is standard retail price in all basic goods so
    that the private sector will not abuse.

    IV. Feedback:
    - I understand all the context in the module.

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