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Flashcards in 4th Deck (41):
1

An economic activity involving the processing of raw materials to produce new items

Industry

2

Changing the method of production from manual to mechanical

Industrialization

3

Production of new items from raw materials

Manufacturing

4

Industry involving the building or repair of structures and infrastructure

Construction

5

The practice of extracting minerals from mines

Mining

6

Economic activity that involves extraction of building stone, slate, or limestone from open excavation

Quarrying

7

Lack of workers with sufficient knowledge and experience that meet the job requirements in industry

Skills gap

8

Any economic activity or business that earns at most P100,000 and employs at most 200 workers

MSME

9

A program of the DTI that promotes entrepreneurships and employment generation in the philippines

OTOP

10

Intellectual property right in inventions

Patent

11

It is considered the "main driver" of the Philippines economy

Service sector

12

The subsector that plays an important roll in promoting a dynamic economy and coordinates the funds that enter, exit and circulate within economy

Finance

13

The government agency that formulates the rules, plans and programs of the housing sector.

The housing and Urban Development coordinating council

14

Component of the real estate market which has the biggest share in the subsector

Residential

15

Product which has the biggest share in the domestic trade of the Philippines

Food and Live animals

16

It is a part of the private services, subsector and is the fastest growing industry both at the local and global levels

BPO

17

This pertains to the loss of educated and professional workers through the movement of such labor to more favorable environments

Brain drain

18

It is the use of computers and telecommunications equipment to process and transmit information

Information Technology

19

The program that aims to offer quality education to indigenous peoples and muslims

PRIME

20

The subsector that pertains to wholesale and retail trade in the country

Domestic trade

21

A business or workers in the informal sector

Informal business

22

A business independent of its owner is not considered as______________.

Legal entity

23

An individual that produces goods in or near his or her home.

Home worker

24

Does not have an employer or contractor and manages own business

Self employed

25

The informality of employment may be caused by ______,_______ and __________.

Uneven economic progress

Non compliance of tax policies

Inefficient of government implementation

26

In this sector, there is usually a________ of organization and ___________ number of workers

Low level

Few

27

One marginalized sector of the Philippines

RA8425

28

First law; Welfare of the workers

Philippine labor code

29

Propose laws and programs for informal sector

Subcommittee on Informal sector

30

RA8282

Social Security Act

31

Brgy MicrobusinessEnterprises Act

RA9178

32

Magna Carta For Small Farmers

RA7607

33

Magna Carta for Small Enterprises

RA6977

34

Technical Education and skills Development Act

RA7796

35

A person similar to a self employed but employs one or more paid employees

Employer

36

National Health Insurance Act

RA7875

37

Underemployment

Skills bap

Fluency in english

Brain drain

Fluency in english

Problems facing the services sector

38

Storage

Finance

Transpo

Communication

Finance

Service related to the delivery of different products and services to the people

39

Service

Agriculture

Internal trade

Industry

Internal trade
Sectors of economy

40

BDO

IMF

Metro Bank

BPI

IMF

Local banks

41

Storage

Medical

Educational

Hotel and Restaurant

Storage

Components of the subsector of the private service