PHILOSOPHY
Niño Jiekurt M. Canlas
12 – ABM B
Nicholas James Vujicic is an Australian motivational speaker, author, and evangelist who has
achieved tremendous success despite being born without limbs. His life and message exemplify
the concept of transcendence, which involves rising above one's limitations and circumstances
to achieve a higher level of consciousness, purpose, and meaning.
Nicholas faced numerous challenges growing up, including bullying, depression, and suicidal
thoughts. However, he refused to let his physical limitations define him. He learned to adapt to
his environment by teaching himself to write, type, and even swim without limbs. His deep faith
in God became the foundation of his life and his message.
Through his motivational speeches, Nicholas has inspired millions of people around the world.
He emphasizes the importance of perseverance, faith, and the power of positive thinking. He
encourages people to embrace their uniqueness and view their challenges as opportunities for
growth and transformation.
Nicholas's life exemplifies the human spirit's resilience and capacity for transcendence. Despite
his physical challenges, he has achieved success and happiness by refusing to let limitations
define him. He has written several books, founded a nonprofit organization, and traveled the
world to spread his message of hope and inspiration.
Personally, Nicholas's story has inspired me to view my challenges as opportunities for growth
and transformation. His message of perseverance and faith has reminded me that anything is
possible if I believe in myself and trust in a higher power. Additionally, his emphasis on the
importance of gratitude has taught me to appreciate the little things in life and find joy and
fulfillment in even the most challenging circumstances.
In conclusion, Nicholas James Vujicic's life and message are a true testament to the power of
transcendence. He has overcome his physical limitations to achieve success and happiness,
inspiring millions of people around the world. His message of hope, perseverance, and faith
serves as a reminder that we can overcome any obstacle if we believe in ourselves and trust in
a higher power
Applied Economics – 3rd Assignment
Niño Jiekurt M. Canlas
12 – ABM B
1. Social science studies how people behave in society. It includes subjects like economics,
sociology, and political science. Applied science is when people use scientific research to
make a difference in society. For example, someone might study slums to learn more
about the problems they have and how to solve them
2. Applied economics applies economic theories and methodologies to real-world
economic issues and problems to identify practical solutions. It can be used in public
policy to assess the effects of policy decisions, in the business world to optimize
strategies and investments, and in addressing social issues such as poverty and
environmental degradation by identifying root causes and developing policies. Applied
economics is a powerful tool for analyzing economic issues, informing policy decisions,
improving business practices, and addressing societal challenges.
3. https://www.slideshare.net/opaprb/demand-supply-and-market-equilibrium8463331 Market demand is the quantity of goods or services consumers are willing and
able to buy at a given price level, while market supply is the quantity of goods or
services producers are willing and able to offer for sale at a given price level. Market
equilibrium occurs when the quantity demanded equals the quantity supplied, resulting
in a state of balance. When there is excess demand or supply, the price adjusts until
equilibrium is reached.
4. https://www.econlib.org/library/Topics/HighSchool/MarketsandPrices.html#:~:text=As
%20the%20price%20of%20a,less%20supply%20enters%20the%20market.
The pricing in the market has an impact on the decisions made in economics. When the price of
a good increases, the demand for it decreases and more supply is introduced into the market.
However, if the price is too high, the supply will exceed demand, leading to a surplus for the
producers. On the other hand, when the price of a good decreases, the demand for it increases
and less supply is introduced into the market.
5.
https://www.studocu.com/ph/document/university-of-the-visayas/accountancy/differenttypes-of-market-structures-in-applied-economics/25018561
there are different market structures that can be classified based on the number of sellers,
types of products, entry and exit barriers, pricing power, and other factors. The four main types
of market structures are:
Perfect Competition:
• Number of Sellers: Many small firms
• Types of Products: Homogeneous products
•
•
Entry and Exit: Free entry and exit to the market
Pricing Power: No individual firm has pricing power
Monopolistic Competition:
• Number of Sellers: Many small to medium-sized firms
• Types of Products: Differentiated products
• Entry and Exit: Free entry and exit to the market
• Pricing Power: Some pricing power due to product differentiation
Oligopoly:
• Number of Sellers: Few large firms dominate the market
• Types of Products: Homogeneous or differentiated products
• Entry and Exit: High entry barriers due to economies of scale, patents, or other barriers
• Pricing Power: Firms may have significant pricing power due to their market share and
interdependence
Monopoly:
• Number of Sellers: Only one firm
• Types of Products: Unique product with no close substitutes
• Entry and Exit: High entry barriers due to economies of scale, patents, or legal barriers
• Pricing Power: Significant pricing power, may be able to set prices without significant
competition
6: There are many factors in the economy that may affect the filipino entrepreneurs. Some of
the major economic issues that are currently affecting the country and its entrepreneurs
include:
•
•
•
Inflation: Inflation is a persistent problem in the Philippines, which can make it difficult
for entrepreneurs to maintain their profit margins. Rising prices of goods and services
can lead to higher production costs, reducing the competitiveness of businesses.
Unemployment: High unemployment rates can have a negative impact on the
purchasing power of consumers, reducing demand for products and services. It can also
lead to a lack of skilled labor in certain industries, hindering the growth and expansion
of businesses.
Taxation: The Philippine tax system can be complex and difficult to navigate for
entrepreneurs, particularly for small and start-up businesses. High tax rates and
compliance costs can reduce profitability and make it more difficult for entrepreneurs to
access necessary capital.
Activity 3
Niño Jiekurt M. Canlas
12– ABM B
1.
Summary: The COVID-19 pandemic had severe negative consequences on the Philippines'
economy, leading to a 9.5% decrease in GDP in 2020, the worst drop since records began in
1947. Foreign direct investment decreased by 24.6%, and the national debt increased by 26.7%.
Businesses suffered from decreased sales and severe liquidity problems, and the
unemployment rate reached its highest level since records began in 2005. While the
government has passed financial stimulus bills and some businesses have adopted digital
solutions, recovery may be difficult due to long-lasting movement restrictions and conservative
fiscal stimulus.
https://www.futurelearn.com/info/futurelearn-international/philippines-economy-covid-19
Reflection:
It's really sad to hear that the COVID-19 pandemic had such devastating effects on the
Philippines’ economy. The significant decrease in GDP, foreign direct investment, and the
increase in national debt are alarming figures, and the impact on businesses and the high
unemployment rate are concerning. It's positive to know that the government has passed
financial stimulus bills, and some businesses have adopted digital solutions to adapt to the
pandemic's challenges. However, recovery may be difficult due to prolonged movement
restrictions and conservative fiscal stimulus. It's crucial to continue to provide support and
resources to businesses and individuals to aid in the recovery and restore the country's
economy.
2.
Summary:
This article explores the impact of COVID-19 on the Philippine economy and society through an
economic lens. The study analyzes the different measures taken by the government to contain
the spread of the virus and their effects on the people, particularly in terms of livelihood,
employment, and income. The article also examines the challenges faced by the government in
implementing these measures and provides recommendations on how to mitigate the negative
impact of the pandemic on the country.
https://ajad.searca.org/read-articles/10-view-article?aid=798
Reflection: It's important to analyze the impact of COVID-19 on the economy and society of the
Philippines to understand the challenges that people have been facing during this pandemic.
It's commendable that the government has taken measures to contain the spread of the virus,
but it's also essential to assess the effectiveness of these measures and their impact on people's
livelihoods, employment, and income. This study highlights the need for the government to
address the challenges faced by its citizens and provides recommendations to mitigate the
negative impact of the pandemic on the country.
It's crucial for governments to recognize that the pandemic has affected different sectors of
society differently and that their response should be inclusive and considerate of everyone's
needs
3.. The Philippine government has been commended for its response to the COVID-19
pandemic, despite a rough start. The Duterte administration issued 33 coronavirus-related
decrees, including a State of Public Health Emergency and the declaration of a State of
Calamity. In addition, Republic Act (RA) 11469, known as the Bayanihan to Heal As One Act of
2020, granted President Duterte special powers to reallocate government funds to address the
crisis. While some cash aid programs, such as the Social Amelioration Program, encountered
delays in the release and distribution of funds, 71% of Filipino families had received
government assistance during the pandemic, according to a Social Weather Stations survey.
https://www.pna.gov.ph/articles/1125952
Reflection:
The article highlights the measures taken by the Philippine government in response to the
COVID-19 pandemic, including the issuance of decrees, declaration of states of emergency and
calamity, and the passage of a special law granting the President additional powers to
reallocate funds. The government's efforts seem to have had some positive results, with the
majority of Filipino families receiving government aid during the pandemic.
However, it also mentions some delays in the release and distribution of cash aid programs,
which may have caused some difficulties for affected families. It is essential to consider both
the successes and the challenges faced in responding to the pandemic and work towards
addressing any shortcomings to improve future responses.
Niño Jiekurt M. Canlas
12– ABM B
Essay
1. During my growing years of existence, one of the most significant problems I
encountered was related to money. My family struggled to make ends meet, and there
were times when we had to make difficult choices about how to allocate our limited
financial resources. This created a lot of stress and uncertainty in my life, and I knew
that I needed to take action to overcome this problem. To address this issue, I made the
choice to join a program that focused on teaching individuals how to earn money and
manage their finances effectively. Through this program, I learned about a variety of
different strategies for generating income, including copywriting, investing and many
more. After completing the program, I began to apply the skills and strategies I had
learned by working part-time. I took on side hustles and freelance work, leveraging my
skills and expertise to create opportunities for myself. By doing so, I was able to
supplement my income and gradually improve my financial situation.
2. As a leader or a person with a purpose, it is essential to recognize that life is full of
challenges and obstacles that we must navigate. However, it is also important to view
these challenges as opportunities for growth and development. When we encounter
problems or difficult situations, we are forced to think creatively and outside of the box
in order to find solutions. This can help us to develop new skills, knowledge, and
perspectives that we can use to overcome future challenges.
3. If given the chance to be a hero, I would choose the power to travel back and forth
through time. Time travel has always been a fascinating concept, and having this power
would enable me to explore different eras, witness significant events in history, and gain
a better understanding of the past. With the ability to travel through time, time travel
could provide me with the opportunity to change the future and shape the destiny of
the world for the better. I could make important decisions that could alter the course of
history, such as stopping wars or preventing the spread of deadly diseases.
4. If I had the opportunity to address an economic factor based on my population's
demographics and location, I would focus on promoting entrepreneurship and small
business development. By understanding the demographics of my population, I would
be able to identify which industries and sectors are most in demand and have the
potential for growth.
5. When comparing the GDP and GNP of the Philippines to other countries, there are
similarities and differences. GDP or Gross Domestic Product measures the total value of
goods and services produced within a country's borders, while GNP or Gross National
Product measures the total value of goods and services produced by a country's
residents, regardless of their location. In terms of similarities, the Philippines, like many
other developing countries, has a relatively low GDP and GNP compared to developed
countries like the United States, Japan, and Germany. This is due in part to the country's
lower levels of industrialization and productivity, as well as issues related to political
stability and corruption. On the other hand, there are also differences between the
Philippines and other countries in terms of their GDP and GNP. For example, countries
with similar levels of GDP and GNP, such as Thailand and Indonesia, may have different
industries and economic strengths. Additionally, differences in population size and
growth rates can also affect a country's GDP and GNP.
6. If I were to live my life to the fullest, I would practice the philosophy of discipline and
always doing my best. Discipline is the key to achieving success in any area of life,
whether it be personal, professional, or spiritual. In order to cultivate discipline, it is
important to establish a routine and stick to it consistently. This can involve setting goals
and breaking them down into manageable steps, prioritizing tasks, and eliminating
distractions. Additionally, doing your best is an important aspect of living life to the
fullest. When we give our best effort, we are able to achieve greater satisfaction and
fulfillment in our endeavors, regardless of the outcome. By sharing the philosophy of
discipline and doing your best with others, I hope to inspire them to adopt a similar
mindset and approach to life. I believe that by consistently applying these principles, we
can cultivate a sense of purpose, direction, and satisfaction in all areas of our lives.
7. If given the opportunity to establish a business enterprise, I would choose to start a
technology-based business. Technology is rapidly advancing and changing the world we
live in, and I believe that starting a business in this field has the potential to enhance the
economy by creating new job opportunities and driving innovation. There are many
areas within the technology industry that are ripe for entrepreneurial pursuits, such as
software development, artificial intelligence, cybersecurity, and e-commerce. By
focusing on a specific niche within this industry, I could develop a unique product or
service that meets a specific need in the market.
8. When scarcity and recession are present, it is essential to plan for the future in order to
navigate these difficult economic conditions. One of the most important factors to
consider is the tendency of people to prioritize immediate happiness and pleasure over
long-term planning. If people are not thinking about their future and only focusing on
short-term happiness, they may overspend, fail to save money, and neglect to invest in
their education or career. This can leave them vulnerable to financial instability and
hardship when times get tough.
9. Local Government Units (LGUs) and other sectors play a significant role in the economy
of a state. One of the main ways that LGUs can impact the economy is through their
ability to create an environment that is conducive to business growth and development.
This can include things like providing infrastructure, such as roads, bridges, and public
transportation. In addition, LGUs can also influence the economy by creating policies
and regulations that support businesses and entrepreneurship. For example, they can
create tax incentives or offer grants and other financial assistance to small businesses
and startups in order to encourage their growth and expansion.