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The development and characteristics of the philippine market
Transcript of The development and characteristics of the philippine market
It is when the Spaniards came.
the economic aspects of the barangay organization during pre-spanish
Settlement of some 30 to 100 families.
Located along the coast or by the banks of inland rivers and lakes.
Generally more humane and justly ruled by the Datu than many societies.
Has three distinct social classes:
1. The Nobility
2. The Freemen
3. The Slaves
The development and characteristics of the philippine market economy
How did Chinese contribute to the establishment of market economy in the philippines?
There is no doubt that the
Chinese contribute much
to the establishment of a
in the Philippines.
- They serve as the oil machinery of commerce throughout the Archipelago.
- They supplied the need for coin for working capital and for all credit.
- They advanced money to the FIlipino producers or hacienderos.
The Galleon trade
The Manila Galleons were Spanish trading ships that made round-trip sailing voyages once or twice per year across the Pacific Ocean from the port of Acapulco in New Spain to Manila in the Spanish East Indies . The name of the galleon changed reflecting the city that the ship was sailing from. The term Manila Galleons is also used to refer to the trade route between Acapulco and Manila, which lasted from 1565 to 1815.
The Manila Galleons were also known in New Spain as
"La Nao de la China“
because it carried largely Chinese goods, shipped from Manila.
The trade route was inaugurated in 1565 after
Agustinian friar and navigator Andrés de Urdaneta discovered the tornaviaje or return route from the Philippines to Mexico.
The first successful roundtrips were made by Urdaneta and by Alonso de Arellano that year. The route lasted until 1815 when the Mexican War of Independence ended Spanish control of Mexican ports.
What events led to an increase in agricultural productivity during the Spanish colonization period?
The plantation boom
During spaniards colonization, all Philippine lands were considered part of the Spanish domain.
4 Classes of Land Ownership in the Philippines
Meztizos & Filipinos
Owned 172,000 hectares
Had small strips of land
the greatest failure of the market economy
the distinct feature of market economy
Ownership of Resource
(Who owns the nation's resource?)
- Some farms
- Some Mines
Owns everything else
The Decision process
(Who decides what, how much, how & for whom to produce?)
(What motivates individuals to become productive?)
As the employees work harder, their salaries increase and the result is greater consumer demand which in turn encourages greater production.
the Existence and
Intensify of Specialization
Size of Population and the Labor Force
A smaller community of people has less room for specialization than a bigger one.
The Level and Quality of Education
The available man power of a country has to be divided in such a way that there is neither shortage nor surplus of skills relative to the demands of the economy.
Unhealthy Attitude of the Labor Force Towards Manual Work
The educated class in the Philippines looks down in such skilled manual workers as carpenters, plumbers and mechanics.
Degree of Urbanization
Specialization tends to be greater in the cities not only because urban dwellers are busier people, but because they have more peso votes and naturally have greater demand for goods and services.
Possibilities of Exchange
People specializes because they know they can exchange the fruits of their specialization with those of others.
Fruits of Specialization
Greater productivity and more efficient production are made possible through specialization.
Division of Labor Leads to all of the following:
- increase of dexterity in every particular worker.
- as workers specializes, he is bound to become more skillful and more efficient in what he is doing.
Which is commonly lost in passing from one type of work to another.
Invention of a great number of machines
Which facilitate work and increase its productivity
Cost of Specialization
- the greater there is of it, the greater the interdependence among men and among nations.
If one has a very specialized training, it will take some years of him to adapt to another occupation.
Disappearance of the "Personal Touch"
Specialization in mass production techniques normally leads to products which are standardized.
No matter how we look at it. the advantages of specialization however, far outweigh its disadvantages. it has led to greater efficiency and therefore more rapid economic progress.
~ the end ~
PErez, MArianne de guzman
navarra, zea mae pelengco
AND OF COURSE:
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