Applied Economics Lesson 4, Slides of Economics

Download Applied Economics Lesson 4 and more Slides Economics in PDF only on Docsity! Lesson 4: Basic Economic Problems PREPARED BY: MELVIN O. ALEJANDRINO 1. POVERTY AND UNEQUAL DISTRIBUTION OF INCOME Poverty – is not having enough materials or income to support a person’s needs. 2018 – P7,337 2019 - P10,481 Is the amount needed in an average, of a family of 5. POVERTY INCIDENCE Is the proportion of households in the country with family income lower than poverty threshold. 2018 – 16.1% 2019 – 20.8% SOLUTION FOR POVERTY Feeding Program for Malnutrition Entrepreneurial Training with Cash Assistance Taxation System for Students and Senior Citizens 3. LOW INVESTMENT IN HUMAN RESOURCE DEVELOPMENT Skills training and investment in education can shape human capital of a nation. 4. POOR INFRASTRUCTURE What are the effects of poor: Transportation Bridges Buildings Roads and Highways 5. PURSUING FOOD SECURITY What do you know about the status of farmers in the Philippines? Why are they still experiencing poverty?