Question

give one example of mixture that affects the philippine economy and explain that how it affects the economy (use not more than 5 sentences)

Answer 1

Answer:

The Philippine economy plunged by much more than expected in the second quarter, falling into recession for the first time in 29 years, as economic activity was hammered by one of the world’s longest and strictest coronavirus lockdowns.

Answer 2

An example of a mixture that affected the Philippine economy is World trade

World trade has affected the Philippine economy in many ways and they are:

• The General Agreement on Tariffs and Trade which is known as GATT has mainly affected the Phillippine economy. The apparent alterations made in the tariff structure resulted in the commitment of the Philippines in Uruguay.
• The expansion of World Trade in developed as well underdeveloped countries has affected the economy of the Philippines.
• The changes made in the prices of the tradable goods in developed as well as less developed countries. This created a huge impact on the economic structure of the Philippines.