What are the contemporary economic issues in the Philippines?

What are the contemporary economic issues facing the Filipino entrepreneur?

Terms in this set (10)

  • minimum wage. lowest wage per hour that a worker may be paid as mandated by the federal law.
  • wages. another factor that drives up a business operating expenses.
  • National Wages and Productivity Commission. …
  • tax. …
  • Percentage tax. …
  • capital gains tax. …
  • value added tax. …
  • income tax.

What are some contemporary economic issues?

Economic Issues

  • Credit: Topic. Granting of goods, services, or money in return for a promise of future payment. …
  • Economic Inequality: Topic. …
  • Great Depression: Topic. …
  • Hyperinflation: Topic. …
  • Inflation: Topic. …
  • Poverty: Topic. …
  • Public Debt: Topic. …
  • Recession: Topic.

What are the common issues and challenges facing the Filipino entrepreneur?

Challenges Faced by New Entrepreneurs in the Philippines

  • Lack of funding. You know you have a great business idea with much potential for success. …
  • Cash flow concerns. Managing your cash flow can prove to be more difficult than you anticipate. …
  • Lack of management skills.

What are the different economic issues affecting the entrepreneur?

The Top 3 Economic Challenges Facing Entrepreneurs in 2016

  • Financial fluctuations. Ever since the market crash of 2008, the world’s central banks have flooded the markets with money in unprecedented quantitative easing. …
  • Globalization and increased efficiency. …
  • Technological tornadoes.
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What is the contemporary issue?

A contemporary issue refers to an issue that is currently affecting people or places and that is unresolved. A geographic issue refers to a topic, concern or problem, debate, or controversy related to a natural and/or cultural environment, which includes a spatial dimension.

What are contemporary issues in business?

The 10 biggest challenges businesses face today (and need consultants for)

  • Uncertainty about the future. …
  • Financial management. …
  • Monitoring performance. …
  • Regulation and compliance. …
  • Competencies and recruiting the right talent. …
  • Technology. …
  • Exploding data. …
  • Customer service.

What are the 3 basic problems of economics?

Ans. – The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.

What are the 5 big entrepreneurial challenges?

5 Real Challenges Faced By Entrepreneurs

  • Lack of Benefits. One of biggest difficulties faced by those just starting their own businesses is the lack of benefits. …
  • Time Spent Working. …
  • You Might Have More Bosses Than You Thought. …
  • Where’s Your Support System? …
  • Determination and Dedication.

What are the two entrepreneurial traits that helped them to succeed?

9 traits of successful entrepreneurs you should develop

  • Motivation. Hard-working business owners are incredibly motivated to succeed. …
  • Creativity. No matter what industry you’re in, employers want workers with out-of-the-box ideas. …
  • Persuasiveness. …
  • Vision. …
  • Versatility. …
  • Risk tolerance. …
  • Flexibility. …
  • Decisiveness.

What are the entrepreneurial challenges in the Philippines?

Among the current problems that Filipino entrepreneurs encounter today are the inadequate access to technology, financing capital, marketing advice and logistical problems in setting up and maintaining their competitiveness in their community.

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