The Sector Of Philipphine Economy.docx

THE SECTOR OF PHILIPPHINE ECONOMY INTRODUCTION: This book is all about the roles and responsibilities of the sector of the Philippine economy namely Agricultural, Industrial, Service, Public, and Informal Sector. That includes pictures, data, explanation, and site reference. TABLE OF CONTENTS: AGRICUTURAL SECTOR INDUSTRIAL SECTOR SERVICE SECTOR PUBLIC SECTOR INFORMALY SECTOR SUBMITTED BY: STEFANIE CHAN RAKISHI KAIRA DE GUZMAN DEBORAH CASTILLO MARZAN CANAM ALLAN KIRBY CIANO SHANDER TUMAPANG

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Agricultural sector Agriculture is the science and art of cultivating plants and livestock. Agriculture was the key development in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that enabled people to live in cities. It comprise establishments primarily engaged in growing crops, raising animals, and harvesting fish and other animals from a farm, ranch, or their natural habitats. ROLES AND RESPONSIBILITIES:    

Maintaining food security through the provision of Extension and Research Services both Livestock and Crops. Quick Economic Recovery through the implementation of the Demand Driven Approach Programme (DDA) and other commodity projects. Assisting in Poverty Alleviation by building capacity of farmers to increase production. Sustainable management of Natural Resources through the Flood Protection programmes and other Sustainable Land Management practices.

On the three-sector theory, the proportion of people working in agriculture (left-hard bar in each group, green) falls as an economy becomes more developed REFERENCE: Safety and health in agriculture. International Labour Organization. 1999. p. 77. ISBN 978-92-2111517-5. Archived from the original on 22 July 2011. Retrieved 13 September 2010. defined agriculture as 'all forms of activities connected with growing, harvesting and primary processing of all types of crops, with the breeding, raising and caring for animals, and with tending gardens and nurseries'.

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INDUSTRIAL SECTOR This sector generally takes the output of the primary sector and manufactures finished goods or where they are suitable for use by other businesses, for export, or sale to domestic consumers. Goods-producing segment of an economy, including agriculture, construction, fisheries, forestry, and manufacturing. ROLE AND RESPONSIBILITIES 1. Increase in National Income Industrialization allows countries to make optimal use of their scarce resources. It increases the quantity and quality of goods manufactured in that company, which makes a larger contribution to gross national product (GNP).

2. Higher Standard of Living In an industrialized society, workers' labor is worth more. In addition, because of higher productivity, individual income increases. This rise in income raises the standard of living for ordinary people.

3. Economic Stability A nation that depends on the production and export of raw material alone cannot achieve a rapid rate of economic growth. The restricted and fluctuating demand for agricultural products and raw materials—along with the uncertainties of nature itself—hampers economic progress and leads to an unstable economy. Industrialization is the best way of providing economic stability. REFERENCE:

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SERVICE SECTOR Produces intangible goods, more precisely services instead of goods, and according to the U.S. Census Bureau, it comprises various service industries including warehousing and truck transportation services, information sector services, commodities, securities and other investment services.

Also called tertiary sector, is the third of the three traditional economic sectors. The other two are the primary sector, which covers areas such as farming, mining and fishing; and the secondary sector which covers manufacturing and making things. RULES AND REPONSIBILITIES:

Increased Employment Opportunities Industrialization provides increased employment opportunities in small- and large-scale industries. In an industrial economy, industry absorbs underemployed and unemployed workers from the agricultural sector, thereby increasing the income of the community. Greater Specialization of Labor Industrialization promotes specialized labor. This division of work increases the marginal value product of labor. In other words, specialized labor is more profitable. The income of a worker in the industrial sector will be higher on average than that of a worker in the agricultural sector.

REFERENCE: Trade Forex, Individual Stocks, Commodities, Precious Metals, Energies, Equity Indices and Cryptocurrencies at XM

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PUBLIC SECTOR include public goods and governmental services such as the military, Law enforcement, infrastructure (public roads, bridges, tunnels, water supply, sewers, electrical grids, telecommunications, etc.), public transit, public education, along with health care and those working for the government itself, such as elected officials.

Sometimes the public sector will partner with an organization in the private sector to create a public-private partnership. These hybrid organizations (named P3s) work together to jointly deliver a service or business venture to a community (see examples). Through the process of outsourcing, public sector organizations will often engage private enterprises to deliver goods and services to its citizens.

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INFORMALY SECTORS which encompasses all jobs which are not recognized as normal income sources, and on which taxes are not paid. The term is sometimes used to refer to only illegal activity, such as an individual who earns wages but does not claim them on his or her income taxes, or a cruel situation where people are forced to work without pay.

To ensure that all targets and requirements are met. Ensure billable projects are completed on schedule and within budget. ... Duties usually performed at customer's site. Serves as pre-sales specialist when needed.

REFERENCE:

https://www.britannica.com/topic/public-sector

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