economics_for_manager, Role in market equilibrium.

May 20th, 2015
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The Philippines has fertile lands, diverse flora and fauna, extensive coastlines and rich mineral deposits. Thereís a wide variety of vegetation, different varieties of fruit bearing trees and fishes and seafood. Filipinos living in rural areas rely on mostly natural resources. They eat and cultivate their own plants and vegetables because it is easy to do so with fertile lands.

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"Economics is the study of people in the ordinary business of life."-- Alfred Marshall, Principles of economics; an introductory volume (London: Macmillan, 1890)"Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses."-- Lionel Robbins, An Essay on the Nature and Significance of Economic Science (London: MacMillan, 1932)Economics is the "study of how societies use scarce resources to produce valuable commodities and distribute them among different people."-- Paul A. Samuelson, Economics (New York: McGraw-Hill, 1948)The Philippines has abundant source of natural resources in areas such as agriculture, natural beauty and minerals.The Philippines has fertile lands, diverse flora and fauna, extensive coastlines and rich mineral deposits. Theres a wide variety of vegetation, different varieties of fruit bearing trees and fishes and seafood. Filipinos living in rural areas rely on mostly natural resources. They eat and cultivate their own plants and vegetables because it is easy to do so with fertile lands.Endemic species in the Philippines includes the Tamaraw (Bubalus Mindorensis) or also know

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