3. Which among the factors influencing management have the most impact on business in the Philippines? Why do you think so?

Among the factors affecting business environment and their impact on business, I think the most influential in our country is the economic environment. Philippines may be considered as one of the developing countries in Asia, that’s why investors do come in out country. A lot of Business Process Outsourcing companies have already established their businesses here. The work demand in this industry is high, as long as you have the qualities, lots of unemployed will be/have already given a chance to work.

levels of production can be increased by technology while holding labor and capital constant, because increased technology makes the production process more efficient. subsequently, the lras curve is almost a vertical line, that can shift to the right, with an increase in technology.

the relationship between the lras curve and the ppc is that both can make the economy could grow. the ppc achieves that when it shifts outward because of more resources or technological advances while the lras curve shifts if more resources are developed or if there are technological advances.

the lras curve is a vertical line at an output level that represents the number of goods and services a nation can produce over a sustained period using all of its productive resources as efficiently as possible with all of the current technology available to it.

the production possibilities frontier (ppf) is a graphical device that is used for economic analysis of production decisions because the ppf measures the maximum possible combinations of two goods that an economy is capable of producing with its currently available resources and technology.