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Manila Galleon (c. 1590 Boxer Codex) Sample of goods brought via Manila Galleon in Acapulco A Scene of Economic Life in Spanish Colonial Philippines (Tipos del País Watercolor by José Honorato Lozano) The natives were slavered among them by other tribes like Lapu-Lapu which forced other islands to pay taxes.
The history of the Philippines dates from the earliest hominin activity in the archipelago at least by 709,000 years ago. [1] Homo luzonensis, a species of archaic humans, was present on the island of Luzon [2] [3] at least by 134,000 years ago. [4] The earliest known anatomically modern human was from Tabon Caves in Palawan dating about 47,000 ...
The economy of the Philippines is an emerging market, and considered as a newly industrialized country in the Asia-Pacific region. [30] In 2025, the Philippine economy is estimated to be at ₱29.66 trillion ($507.6 billion), making it the world's 31st largest by nominal GDP and 11th largest in Asia according to the International Monetary Fund.
In Kicking Away the Ladder, development economist Ha-Joon Chang reviews the history of free trade policies and economic growth and notes that many of the now-industrialized countries had significant barriers to trade throughout their history. The United States and Britain, sometimes considered the homes of free trade policy, employed ...
The National Historical Commission of the Philippines is a government agency of the Philippines whose mission is "the promotion of Philippine history and cultural heritage through research, dissemination, conservation, sites management and heraldry works and aims to inculcate awareness and appreciation of the noble deeds and ideals of our ...
Examples in addition to the ones in the matrix are national parks, or firework displays. It is generally accepted by mainstream economists that the market mechanism will under-provide public goods, so these goods have to be produced by other means, including government provision. Public goods can also suffer from the Free-Rider problem.
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In economics, capital goods or capital are "those durable produced goods that are in turn used as productive inputs for further production" of goods and services. [1] A typical example is the machinery used in a factory. At the macroeconomic level, "the nation's capital stock includes buildings, equipment, software, and inventories during a ...