Describe the most applicable market type in the Philippine economy.
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The economy of the Philippines is the world's 33rd largest economy by nominal GDP according to the 2019 estimate of the World Bank statistics, it is the 13th largest economy in Asia, and the 3rd largest economy in the ASEAN after Indonesia and Thailand. The Philippines is one of the emerging markets and is the sixth richest in Southeast Asia by GDP per capita values, after the regional countries of Singapore, Brunei, Malaysia, Thailand and Indonesia.
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a mixed economy is the most ideal as it would as it would prevent companies from having too much control over the economy AND allow better gov't regulations on important commodities
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