'Climate Change Affects Economy\r'

'Weather is one of the important elements in a certain county. Filipinos is a equatorial country and had two seasons: dry season and wet season. Being a tropical country, Philippines experience a hot hold which http://www. mapsofworld. com/referrals/ brook/ modality/tropical-climate. html state that tropical climate has an average temperature above 18?C. mode change is one of the disasters that can barely hazard the economy of a certain country. Baguio metropolis, having a nipping weather, is known as the â€Å"Summer Capital of the Philippines”.Tourists prattle this country for relaxation and also for adventure and sight-seeing of few famous spots in this city. It makes a just contribution to the increasing number of tourists. Experiencing a unwarmed temperature, there are some fruits and vegetables that nevertheless laid and grow in this city because some grows only in a cold place handle strawberries. According to http://www. abs-cbnnews. com/nation/regions/0 1/12/14/baguio-hits- last-temperature-2014 â€Å"Temperature dropped to its lowest this year in Baguio City.The Philippine Atmospheric, Geophysical and astronomic Services Administration (PAGASA) on Sunday say this morning’s 10. 3° Celsius temperature in the city is the lowest since September of 2013. Meantime, farmers in Mt. Ca defileao in Baguio City are bracing for some losses collect to frost injuries on vegetables, which could worsen if cold weather conditions persist. ” Due to low temperature that Baguio is facing, it widely affects the economy of the state city. Supply of vegetables decreases because of the tell frost injuries.Lower supply of vegetables results to graduate(prenominal) price in the market. This is a great case of Law of Supply. Economy of the Baguio is in great risk of infection because of this kind of temperature. I can say that climate change really affects the economy of our country. YOLANDA PROPELS DEMAND FOR accommodate GOODS Las t November 8, 2013, a tragic disaster occurs in the Philippines particularly in the Visayas area. Typhoon Yolanda, having an international name â€Å"Haiyan”, landfalls at Tacloban that happens on the utter date which according to http://www. rappler.com/ melodic phrase/47580-yolanda-reconstruction-ph- ripening-2014 leaves more than 6,000 people dead and almost 900,000 homeless. The establishment is confident it can achieve its economic emergence target for 2014 due in part to current reconstruction efforts in areas devastated by Typhoon Yolanda (Haiyan) as give tongue to by the rappler. â€Å"National Economic and Development countenance (NEDA) Assistant Director-General Rosemarie Edillon told reporters a robust construction orbit bequeath help the government reach its 6. 5% to 7. 5% gross domestic harvest-festival (GDP) growth target this year.The government earmarked P360. 9 billion ($8. 17 billion) for the rehabilitation of the affected areas over a 4-year perio d. Of the nub amount, 50. 79% or P183. 3 billion leave behind be utilise to build shelter and resettlement. ” Edillon stated that the construction of some one million homes for Yolanda victims forget propel essential for housing-related goods and services. Gross domestic product (GDP) will increase due to more subscribe of housing goods and also because of higher demand, higher tax will go to the hands of the government.And with this taxes the government will sign again more projects and they will buy again many materials needed and the materials will got high demand and cycle goes on and on. This is like what Sir Cruz tell to us, that if spent our money more, there is more jobs piece of work that will happen and more Filipinos will be employed. This is an important cycle that is going on in every country. OIL PRICE CUT anoint is very important to every country in the world.This is one of the reasons why countries had to declare war. Gasoline is do from cover, part icularly crude oil. Oil is primarily used for vehicles; cars, jeeps, buses and other private and vehicles. Last January 13, 2014, according to The Philippine Star, oil companies announced another round of oil price adjustment, marking the second consecutive calendar week of price cuts. Effective today the price per liter of gasoline is cheaper by 85 centavos, coal oil by P1. 10 and diesel by 90 centavos.â€Å"The chase rollbacks will be implemented effective 12:01 a. m. of Jan. 13: Gasoline by P0. 85 per liter, kerosene by P1. 10 per liter and diesel by P0. 90 per liter. This reflects movements in the international oil market,” Petron and Seaoil Philippines said in separate statements. The energy department said oil production in Libya has plunged to about 250,000 pose a day from nearly 1. 5 million, amid demand from armed protesters for a more regional self-reliance and greater\r\n'