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The Magna Kultura Foundation notes that the sari-sari store is part of Philippine culture, and it has become an integral part of every Filipino’s life. It is a constant feature of residential neighborhoods in the Philippines, both in rural and urban areas, proliferating even in the poorest communities.
For example, a microwave oven or a bicycle that is sold to a consumer is a final good or consumer good, but the components that are sold to be used in those goods are intermediate goods. For example, textiles or transistors can be used to make some further goods.
Indigenous materials are materials that are naturally and locally found in a specific place such as timbers, canes, grass , palms, and rattan. [1] [2] Other indigenous raw materials in the country that are commonly known and used creatively in crafts and decoration are capiz, pearls, corals, and seashells, being an archipelago naturally abundant in beaches and marine resources.
The culture of the Philippines is characterized by great ethnic diversity. [1] Although the multiple ethnic groups of the Philippine archipelago have only recently established a shared Filipino national identity, [2] their cultures were all shaped by the geography and history of the region, [3] [4] and by centuries of interaction with neighboring cultures, and colonial powers.
Hudhud is a tradition of narrative songs from the Ifugao region of the northern Philippine island of Luzón. Darangen epic of the Maranao people of Lake Lanao 2008 00159: Darangen is a Maranao epic poem from the Lake Lanao region of Mindanao: Tugging rituals and games + [a] 2015 01080: Aklan piña handloom weaving 2023 01564
For example, in May 2024, retail giant Target announced it is cutting prices on over 5,000 items over the summer. Some of the items Target will lower prices on include milk, meat, bread, coffee ...
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Goods are items that are usually (but not always) tangible, such as pens or apples. Services are activities provided by other people, such as teachers or barbers . Taken together, it is the production , distribution , and consumption of goods and services which underpins all economic activity and trade .