G5 Government PDF

GOVERNMENT GROUP 5 Lesson role of government in the economy Outline effects of the government and its rules freedom of business THE ROLE OF GOVERNMENT IN THE ECONOMY Taxation- describes as the process by which the government collect fees from individuals, business and the like. ...

GOVERNMENT GROUP 5 Lesson role of government in the economy Outline effects of the government and its rules freedom of business THE ROLE OF GOVERNMENT IN THE ECONOMY Taxation- describes as the process by which the government collect fees from individuals, business and the like. Figure 70. Government’s role in the Economy Power of Taxation- is an inherent power os the state, acting through the legislature, to impose and collect revenues to defray the necessary governmental expenditures  Table 34. BIR collection for 2014-2015 (in millions of pesos Table 34 shows that the NCR has the biggest share, while the smallest contribution comes from the ARMM. DEFINING THE STUDY OF ECONOMICS AND ITS SOCIAL IMPLICATIONS Table 35. Sources of tax for the year 2000 (in million of pesos) Table 35 shows where taxes on net income and profit provided the biggest share at 55.7% while other percentage taxes were the smallest contributor, posting 4.09%  Figure 71. Pie Share of Tale 35 Figure 71 represents the previous table in pie chart form, showing the share of the different sources of tax  GOVERNMENT AND BUSINESS Mixed-Market Economic System Public-Private Partnership (PPPs) resources are owned by government and are government projects funded and private entities, public services are operated by private firms and entities. supposed to be maintained and fulfilled by the government. How Business can be a partner to the Government As a source of tax revenue government collects taxes from household and firms to fund public services. Poverty Alleviation is the method or model by which society seeks to address poverty, such as providing free education health care, among others Figure 72. Household Coverage by Island Group as of September 2015 Figure 72 shows that Mindanao has the most coverage, followed by Luzon and Visayas. 94.79% for education, 97.87% for health and 95.07% for family development sessions.  Table 36. Simple Literacy Rate of the Population 10 Years Old and Over, by Region 2000, 2003, and 2008 DEFINING THE STUDY OF ECONOMICS AND ITS SOCIAL IMPLICATIONS Table 36 shows the steady increase in our simple literacy rate, which is indicative of the government’s efforts to increase each individual Filipino’s output and standard of living Table 37. Teacher-Student Ration in Government Secondary Schools Sy 2010- 2011 and Sy 2011-2012 Table 37 and 38 show an increase in the number of enrollees, while the student-teacher ration remains roughly the same.  Table 38 & 39. Table 39 shows government spending on books for high schools and elementary from 2003 to 2011 DEFINING THE STUDY OF ECONOMICS AND ITS SOCIAL IMPLICATIONS THANK YOU!