OVERVIEW OF ECONOMIC

DEVELOPMENT
BY:MR. MICHAEL C. SULDAN
Faculty, College of Business Education and Management
GROWTH- NECESSARY FOR ACHIEVING
DEVELOPMENT OF THE STATE(GROSS
DOMESTIC PRODUCT)

INCOME-THE NET AFTER ALL EXPENSES

ARE BEING PAID OR THE SALARY AND
WAGES RECEIVED BY THE LABOR
FORCE

*two crucial indicator of development

INCOME AND GROWTH
Technology-criticalto more rapid
growth, competing internationally, and
beginning to catch up with advance
countries.

Agriculture-the basic goods and

services are produced by this sector.

TWO CRUCIAL KEY AREAS OF

DEVELOPMENT
POVERTY
INEQUALITY
LAND REFORM
PROBLEMS OF SOCIAL
INCLUSION

SOCIAL INDICATORS
Growth that relies on
running down the natural
environment is contrasted
with sustainable
development, which
preserves the ecology on the
future income and people’s
health vitally depend.
SUSTAINABLE DEVELOPMENT
Examples are:
Climate Change
Global Warming
Pollution

Environmental Challenges
www.economics.gov.ph
Todaro(et.al) Econ Development, New York
,2018 Edition,USA

REFERENCES
“CHANGE STARTS WITH YOU.”-----
RALPH EMERSON

REFLECT