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    Assessment 1 Econ 2

    Uploaded by

    Judy Ann Gaceta
    Assessment 1of Economic Development

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    © All Rights Reserved
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    Assessment 1 Econ 2

    Uploaded by

    Judy Ann Gaceta
    14 views2 pages
    Assessment 1of Economic Development

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    © © All Rights Reserved

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    Assessment 1of Economic Development

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    14 views2 pages

    Assessment 1 Econ 2

    Uploaded by

    Judy Ann Gaceta
    Assessment 1of Economic Development

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    ECONOMIC DEVELOPMENT

    GACETA. Judy Ann M.


    BSA-3B

    1. Compare and contrast the concept of development “As A Condition and As A


    Process.”

    In the concept of “development as a condition” improvement is viewed as just as


    financial development. In such manner, Gross National Product (GNP) and Per Capita
    Income (PCI) were advantageous pointers of advancement. It doesn't consider the subjective
    part of improvement. It is the static concept of the development that only pertains to the
    capacity of the national economy to increase production and income.
    On the other hand, in the concept of “development as a process” development is defined
    as bringing about social change that allows people to achieve their human potential. The
    purpose of development is a rise in the level and quality of life of the population, and the
    creation or expansion of local regional income and employment opportunities, without
    damaging the resources of the environment. Development is a process that creates growth,
    progress, positive change or the addition of physical, economic, environmental, social and
    demographic components. In this concept, the main focus or basis of development is
    improving the quality of all human lives and not just increasing the production and income of
    the national economy.

    2. One of the most controversial issue that the Philippine is currently facing is President
    Duterte’s consent for Philippine Offshore Gaming Operators (POGO) to continue its
    operation in the country. According to some economists, it is beneficial to the Philippine
    Economy. Relate the concept of economic growth and economic development.
    Economic Development means improvement of quality of life and living standards now
    that alone would explain why economic growth which means increase in national income is
    related to it.
    In the case Philippine Offshore Gaming Operators (POGO) which is the official
    designation for firms operating in the Philippines that offer online gambling services to
    markets outside the Philippines. Online gambling, serves as a stimuli for our mental health.
    The more we get the fun we want, the more we spend. So it is hitting two birds with one
    stone. As our economy grows the population becomes engage to such interactive
    entertainment that produce efficient workforce. The more efficient the people are, the more
    they earn and the more they spend. Then that’s basically how we get the cyclical relationship
    between economic growth and economic development.
    ECONOMIC DEVELOPMENT
    GACETA. Judy Ann M.
    BSA-3B

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