DIGITAL COMMERCE SHAPE VIETNAMESE SHOPPING HABIT IN 4.0 INDUSTRY
Contemporary Socio-Economic.pptx
1. CONTEMPORARY SOCIO-
ECONOMIC
ISSUES FACING THE
FILIPINO ENTREPRENEURS
LEARNING COMPETENCY
ANALYZE THE EFFECTS OF CONTEMPORARY SOCIO-ECONOMIC
ISSUES AFFECTING THE FILIPINO ENTREPRENEURS.
2. SOCIO-ECONOMIC ISSUES
• Socio-economic issues are factors that have
negative effects on economic activity. There
are socio-economic factors that can affect the
Filipino entrepreneurs, consumers, suppliers,
investors and private and public sectors.
These include:
3. SOCIAL FACTORS
• The social factors include population size and growth rate,
wealth distribution, social class per capita income, lifestyles
and health consciousness, attitude towards government,
attitude towards work, buying habits, ethical concerns,
cultural norms and values, religion and beliefs, education or
leaning or training levels, customer’s attitudes towards
saving, investing, retirement, product quality and customer
service.
4. ECONOMIC FACTORS
The economic factors include economic growth
rate, interest rate, inflation rate, and foreign
exchange rate, availability of credit, spending
behaviour, government budget deficits, gross
domestic product trends, unemployment trend,
stock market trends and price fluctuations.
6. INVESTMENT
• When people invest their resources, their
expectation is to increase their wealth. Investment is
defined as “any use of today’s resources to expand
tomorrow’s production or consumption. It can also
be viewed as the spending of businesses on things
such as machines and buildings, which can be used
to produced goods and services in the future.
7. INTEREST RATE
Banking institutions are interested of knowing
the status for interest rates in the economy to
determine their lending practices; a good
information for a company that relies on debt
capital to finance projects.
8. TAXATION
•Taxation is the inherent power of the State to
demand enforced contributions to revenues,
for public purposes. The revenues collected
are used to deliver the different needed
public services and the support of the
government.
9. MINIMUM WAGE
• Increase in wage can increase in consumer
spending capabilities and the low-income
workers have a higher spending capability. An
increase in minimum wages could lead to a
higher growth and contribute towards inflation
(higher costs for firms and higher spending by
the workers).
10. RENTALS
•Rent is basically defined as the share of the
factor owner of a parcel of land when used in
the production process. In the other
economic book, rent is defined a payment
for the use of any resource over and above
its opportunity cost.
11. • We also classify these issues according to
macro and micro levels.
• The following represent the micro and
macro-economic issues that affect the
entrepreneurs and the entire economy.
12. ECONOMIC ISSUES: MICRO LEVEL
The micro level economic issues include:
• Externalities
• Environmental issues
• Volatile prices
• Inequality of Income Distribution
