IDNStudy.com, ang iyong destinasyon para sa mabilis at eksaktong mga sagot. Makakuha ng mabilis at eksaktong sagot sa iyong mga tanong mula sa aming mga eksperto na laging handang tumulong.
Answer:
Why is patronizing local products good for the Philippines?
Patronizing local services has the net effect of job creation and assuring local producers remain economically viable. The money generated by patronizing local small businesses generates local taxes and fees that then are reinvested in the community, supporting things such as local schools or infrastructure.
How do imports affect our economic progress?
Results indicate that imports have a significant positive effect on productivity growth but exports do not. ... Most of the study's results still hold using gross domestic product growth rather than productivity growth as the measure of economic growth.
How might the need to import goods affect the economy of a region?
If a country imports more than it exports it runs a trade deficit. If it imports less than it exports, that creates a trade surplus. ... First, exports boost economic output, as measured by gross domestic product. 3 They create jobs and increase wages.
How does international trade affect the Philippines economy?
International trade though has also its own disadvantages. ... It can lead to over-specialization, for example, with workers losing their jobs when world demand for their product falls or when goods for domestic consumption can be produced more cheaply abroad.