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Lesson 1 Basic Economic Problems
Lesson 1 Basic Economic Problems
PROBLEMS OF THE
COUNTRY
LESSON 3
UNEMPLOYMENT
6% - October 6.6% -
2014 January 2015
COMMON CAUSES
• The number of people entering the job market has
been greater than the number of jobs created.
• The rural-urban migration increases due to
employment opportunities.
• May of the unemployed individuals are college
graduates.
RURAL TO URBAN MIGRATION
WHAT CAN BE DONE TO SOLVE
UNEMPLOYMENT PROBLEM?
1. Appropriate economic policies for labor-intensive
industries.
2. Improve the educational system of the country
especially in the rural areas
3. Minimize rural-urban migration by improving the
economic environment in rural areas.
WHAT CAN BE DONE TO SOLVE
UNEMPLOYMENT PROBLEM?
4. Proper coordination between government and the
private sector to solve the problem of job mismatch.
5. Slowing population growth. Philippine growth must
increase faster than the population. Limit the size of
families.
6. Provision of more investment opportunities to
encourage local and international investment.
POVERTY
COMMON CAUSES
• Increase in population
• Increase in the cost of living
• Unemployment
• Income inequality
WHAT CAN BE DONE TO SOLVE THE
POVERTY PROBLEM?
1. Reduce unemployment
2. Appropriate policy on labor income
3. Provision of unemployment benefits for those
who will be unemployed due to natural or man
made calamities.
Ex. Typhoon, Bombing of terrorists,
Earthquake
WHAT CAN BE DONE TO SOLVE THE
POVERTY PROBLEM?
4. Increase social services like education, health
care and food subsidies for sustainable poverty
reduction
Self-
Subsistence Sustainable
existing