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Basic Economic Problems

The document discusses basic economic problems in the Philippines, focusing on unemployment, underemployment, and overpopulation. It highlights the challenges faced by individuals in finding suitable jobs and the impact of these issues on economic stability. The presentation also outlines potential solutions, including policy recommendations aimed at job creation and attracting investments.

Uploaded by

Nikay Amazona
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© © All Rights Reserved
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Download as PPTX, PDF, TXT or read online on Scribd
2 views

Basic Economic Problems

The document discusses basic economic problems in the Philippines, focusing on unemployment, underemployment, and overpopulation. It highlights the challenges faced by individuals in finding suitable jobs and the impact of these issues on economic stability. The presentation also outlines potential solutions, including policy recommendations aimed at job creation and attracting investments.

Uploaded by

Nikay Amazona
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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BASIC ECONOMIC

PROBLEMS OF THE
COUNTRY Presentation by:
Ms. Glaidel V. Amazona
BASIC ECONOMIC
PROBLEMS
What goods to produce and service
to provide?
How to produce and how much to
produce of these goods and services?
For whom to produce these goods
and services?
WHAT ARE THE
BASIC
ECONOMIC
PROBLEMS IN
THE
SITUATION ANALYSIS
You are a fresh graduate at a prestigious
university. You graduated as summa cum
laude and received numerous recognition
awards. You took up an education course
in order to become a teacher, however,
after graduating, you could not find
available jobs within the province. What
economic problem is present and is
affecting you here?
UNEMPLOYMENT
Unemployment refers to a situation where
a person actively searches for
employment but is unable to find work.
Unemployment is considered to be a key
measure of the health of the economy. The
most frequently used measure of
unemployment is the unemployment rate.
It’s calculated by dividing the number of
unemployed people by the number of
people in the labor force.
According to Labor and Statistics
Unemployment Rate in Philippines
increased to 3.90 percent in October
from 3.70 percent in September of
2024. Unemployment Rate in
Philippines averaged 7.90 percent
from 1986 until 2024, reaching an all-
time high of 17.60 percent in June of
2020 and a record low of 3.10 percent
in December of 2023.
SITUATION ANALYSIS
You are a newly-registered nurse. You
wanted to immediately find a job to save
enough money for your sick father’s
hospitalization. There is no other
available job opportunity in the area
except for an immediate hiring for
customer service representatives. You
got the job and you’re now a contact
center agent. What economic problem is
UNDEREMPLOYMENT
Underemployment is a situation
where a person is employed but
their job doesn’t fully use their
skills, they are paid too little, or
they work fewer hours than they
want. It’s different from
unemployment, which is when
One underemployment example is
when a holder of a BA degree in
literature works as a waiter. In this
case, the individual works in a low-
paying, low-skill job despite his
impressive educational
background. Another example is
when an engineering graduate
works as a pizza delivery
SITUATION ANALYSIS
Suppose that you, being the eldest
of ten siblings were not able to finish
your studies. You were forced to stop
going to school at the age of 13 and
find a job at an early age in order to
support your siblings. What
economic problem can be seen here?
OVER POPULATION,
POVERTY
The booming population growth in the
Philippines is another basic economic
problem that can be connected to the issue
of scarcity. When population becomes too
big, economic resources may no longer be
enough to support the increasing number of
people. Food, water, shelter, medicine and
other resources wouldn’t be enough to
satisfy every people’s needs and wants.
Intergenerational Poverty: This
scenario can contribute to a cycle
of poverty, where the lack of
education and economic stability
affects not only the current
generation but also future
generations, as the younger
siblings may face similar
HOW ECONOMIST
FACE ECONOMIC
PROBLEMS?
UNDERSTANDING KEY
ECONOMIC CHALLENGES IN
THE PHILIPPINES
High Unemployment
High Inflation
Rising Policy Rates
Foreign and Domestic Direct
investments
HOW ECONOMISTS CAN
ADDRESS THESE
CHALLENGES?
 Analyzing the Root Causes
 Developing Policy Recommendations:
- Promoting Job Creation
- Controlling Inflation
- Attracting Foreign and Domestic Investments
 Communicating Effectively
 Collaborating with Stakeholders
THE ROLE OF
GOVERNMENT AND
THE PRIVATE
SECTOR

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