PERSPECTIVES ON SOCIETY, THE ECONOMY AND THE

STATE
SOCIETY
a group of individuals involved in persistent social interaction, or a large
social group sharing the same geographical or social territory, typically subject to
the same political authority and dominant cultural expectations.

SOCIOLOGICAL PERSEPECTIVES

SYMBOLIC
INTERACTIONISM
FUNCTIONALIST
PERSPECTIVE

CONFLICT
PERSPECTIVE
PHILIPPINES SOCIAL ISSUES:

1. POVERTY
2. CHILD LABOR
3. LACK OF EDUCATION
4. EARLY PREGNANCY
5. OVER POPULATION
6. WASTE MANAGEMENT
7. DRUG ADDICTION
8. EXTRA JUDICIAL KILLINGS
An economy consists of the economic system of a country or
other area; the labor, capital and land resources; and the
manufacturing, trade, distribution, and consumption of goods
and services of that area.

Two Parts of the Economy:

1. Private sector- that part of the economy, sometimes referred
to as the citizen sector, which is run by private individuals or
groups, usually as a means of enterprise for profit, and is not
controlled by the state.
2. Public sector- referred to as the state sector, is a part of the
state that deals with either the production, delivery and allocation
of goods and services by and for the government or its citizens,
whether national, regional or local/ municipal.
1. Household (Consumers)
2. Business Firms (Producers)
3. Government (Public Sector)
4. Foreign Sector
PHILIPPINES ECONOMIC UPDATE

□ In 2017, the Philippines was among the top three growth performers in the region.

- Philippine economy grew from 6.9% year on year in 2016 to 6.7% year on year
in 2017.
- The poverty rate is projected to decline from 27.0% in 2015 to 22.9% and
21.7% in 2018 and 2019.

□ The medium- term growth outlook for the Philippines remains positive but domestic risks
are more prominent.

- Philippine economy is projected to grow at an annual rate of 6.7% in both 2018

and 2019.
- Inflationary pressure is expected to intensify in 2018 due to both domestic and
external factors.

□ Higher real wages are essential to achieve shared prosperity and inclusive growth.
 PHILIPPINES ECONOMIC UPDATE

□ According to Asian Development

Bank, the Philippine economy is going
to Golden Age of Growth.

□ It projects the Philippine economy to

grow by 6.8% domestic demand.

□ The government infrastructure

program will fuel growth for the next
few years. This growth will be
sustained in 2018 & 2019.
- A public sector, wherein the decision making is collective.
- Takes steps to help the economy achieve the goals of growth,
full employment and price stability.

REGULATORY
ALLOCATIVE
ROLE
ROLE ECONOMIC
FUNCTIONS
STABILIZATION
DISTRIBUTIVE
ROLE
ROLE
SUSTAINABLE DEVELOPMENT
is development that meets the needs of the present without comprising the
ability of future generations to meet their own needs.

ECONOMIC
DEVELOPMENT

SOCIAL CLIMATE &

PROGRESS ENVIRONMENT