What Economic System Philippines Belong?

Answer

The economic system in the Philippines is classified as a newly industrialized economy. It does have an emerging market. Over the last few years it has the fastest growth recorded in the last 34 years.
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The economic system of the Philippines is developed through the exportation of goods and the tourism that we had. Every region in the Philippines has it's own product like banana,
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There are four types of economic systems. They would include the traditional, market, command and mixed economies. They all cover the item to be produced, how much should be produced
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The Philippines is a republic with elected officials and executive,
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Work - pay your taxes. That is the answer I gave my teacher & she accepted it.
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Ask.com Answer for: economic system of the philippines
Economy of Philippines
Gross Domestic Product (GDP): $ 454,300,000,000 (2013 est.)
Export Value: $50.96 billion (2012 est)
Import Value: $65 billion (2012 est)
Labor Force: 40.36 million (2012 est)
Unemployment Rate: 7% (2012 est)
 
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