Industrial Sector Flashcards
It processes the productive resources and agricultural
products to make varieties of products available in the
market.
Industrial Sector
It includes infrastructures, electricity, and water that
facilitate the production process.
Industrial Sector
It represents the secondary sector of an economy
involved in the actual building or creation of goods.
Industrial Sector
It is composed of mining and quarrying, manufacturing,
construction, and electricity, gas, and water supply
(utilities).
Industrial Sector
It processes the agricultural products to
produce varieties of finished products using machines
and the special skills of the workers.
Manufacturing
It extracts minerals such as gold, iron, copper,
etc. from Earth.
Mining
It builds infrastructures be it for public or
private use as it contributes to having an efficient process
of production and of providing service.
Construction
They are a prerequisite for effective poverty
alleviation.
Utilities
It advocated the prioritization of
Filipino businesses over foreign interests in government
programs. Filipino entrepreneurs will receive preference
in terms of government assistance especially for projects
involving the development of basic industries.
Filipino First Policy
- It liberates the
downstream oil industry to promote fair trade for oil and
related products. (Liberalization of the industry, tariff
treatment, promotion of fair trade practices, program to
encourage entry of new participants in the industry,
incentives for new investments, and promotion of retail
competition)
Oil Deregulation Law (RA 8479)
It aims to alleviate
poverty by pursuing programs for the poor through
microfinance programs administered in partnership with
accredited nongovernment organizations.
● Policy on Microfinancing (RA 10693)
