Agflation Thesis

8/9/2019 Agflation Thesis

1/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambales

APPROVAL SHEET

This study entitled “THE PERCEPTION OF LOCAL CONSUMERS in

Brgy.Matain,Subic, Zaba!"# in A$FLATION Particu!ar!y in Ric" a# Pri" C%%&ity”.

Prepared by etchelle !octolero , "enne#y $i%cocho and "oseph &bi#a in Partial 'ul'illment o' the

re(uirements 'or the sub)ect *icroeconomics are hereby recommended 'or real.

+++++++++++++++++++++++++++++++

Mr. Kristopher Dumpit Adviser

&ppro#ed by the committee n oral eamination on -ebruary , /01 with a grade o' ++++++++.

__________________ _______________________ Mr. Sem Mapa Ms. JasmineMangosing

____________________ Mrs. Eliza Benitez DEAN

Recommended or acceptance in partial ul!llment o the re"uirements or the

degree o Bachelor # Science $n Accountanc%.


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Kolehiyo Ng Subic


BACHELOR OF SCIENCE IN ACCOUNTANC'

& research entitled2

THE PERCEPTION OF LOCAL CONSUMERS in Brgy. Matain, Subic, Zaba!"# in

A$FLATION( Particu!ar!y in Ric" a# Pri" C%%&ity

3n partial 'ul'illment o' re(uirements 'or the sub)ect2

MICROECONOMICS

Subitt"& by(

"enne#y !. $i%cocho

etchelle !octolero

"oseph &bi#a

Subitt"& t%(

*r. Kristopher !umpit

3nstructor


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Kolehiyo Ng Subic


AC)NO*LE+$EMENT

-irst and 'oremost, we would li4e to ta4e this opportunity to than4 5od 'or gi#ing us the

strength to 'inish this pro)ect. Without 6im, we would not ha#e the wisdom or the physical ability

to do so. We would also li4e to epress our gratitude to e#eryone who supported us throughout the

course o' this pro)ect. We are than4'ul 'or their aspiring guidance, in#aluably constructi#e criticism

and 'riendly ad#ice during the pro)ect wor4. We are sincerely grate'ul to them 'or sharing their

truth'ul and illuminating #iews on a number o' issues related to this paper wor4s.

We epress our warm than4s to *r. Kristopher !umpit 'or his support and guidance at our

pro)ect.

We are also indebted to our 'amily and 'riends who ha#e supported us.


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Kolehiyo Ng Subic


I. THE PROBLEM AN+ ITS BAC)$ROUN+

Intr%&ucti%n

Rice is the staple ood o the &ilipinos. &or us' it is not merel% a ood (ut

a grain that shapes their )a% o living' their hopes' and their dreams. *he%

consider rice as a s%m(ol o their "uest or lie+s securit% and emancipation

rom hunger. *hus' achieving rice securit% is intricatel% related to the nation+s

struggle in eliminating e,treme hunger and povert%. $t is a politicall% sensitive

commodit% )ith )hich suppl% disruption causes people distress. An increase in

the price o a standardized good or service or a (as-et o goods or services

over a speci!c period o time. Because the nominal amount o mone%

availa(le in an econom% tends to gro) larger ever% %ear relative to the suppl%

o goods availa(le or purchase' this overall demand pull tends to cause some

degree o price ination. $t can also (e seen in a slightl% di/erent orm' )here

the price o a good is the same %ear over %ear' (ut the amount o the good

received graduall% decreases. *he rapid increase in prices or 0price ination+ o

rice has sent a shoc- )ave through poor amilies in our Nation. A term coined

in the late !rst decade o the 12st centur% descri(es generalized ination led

(% rises in agriculture commodit% prices called 3agation4. $t is an increase in

the price o ood that occurs as a result o increased demand rom human

consumption and used as an alternative energ% resource.


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Kolehiyo Ng Subic


Stat""nt % t-" Pr%b!"

This study aims to present the perception o' local consumers in 7rgy. *atain in &g'lation,

particularly in ice in'lation as the prime commodity.

Speci'ically, it sought answers the 'ollowing (uestions2

. H%/ &%"# Ag!ati%n a"ct#0

a. The *ar4et 8conomy

b. The consumers

c. The suppliers

d. The 'armers

1. T% /-at "2t"nt &% t-"#" %!!%/ing act%r# c%ntribut" t% Ag!ati%n3

a. 5lobal Warming

b. Population 5rowth

c. 6oarding

4. *-at ar" t-" a&5antag"# 6 &i#a&5antag"# % Ag!ati%n3

Signiicanc" % t-" Stu&y

This study will pro#ide a detailed in'ormation about ag'lation. 3t is important to 4now 9

understand clearly the causes 9 e''ects o' ag'lation in the economy. This research will ser#e as


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalessource o' in'ormation not only to the researchers but also to the consumers, to the 'armers, in other

words it is 'or the bene'it o' e#eryone.

Sc%7" an& +"!iinati%n

The scope o' the study is to 4now the in'ormation related to the topic “ag'lation”, the study

in#ol#es the gathering and analy%ing o' data 'rom the people li#ing in 7rgy. *atain , Subic,

Zambales only.

This study does not co#er the perception o' consumers in other barangays.

II. T-"%r"tica! ra"/%r8#

R"!"5ant t-"%ri"#

3n recent years there has been a signi'icant rise in global 'ood prices that has gi#en rise to

the term ag'lation. *any demand and supply 'actors ha#e contributed to increasing prices2

3ncreased bio:'uel production, concerns o#er oil prices, energy security and climate change ha#e

prompted go#ernments to encourage in#estment in bio:'uels. This has led to increased demand 'or

wheat, soy, mai%e and palm oil, and led to a loss o' resources 'or the 'ood chain. !eserti'ication,

global warming and other en#ironmental shi'ts are decreasing the (uantity o' a#ailable 'armland

by o#er ; million hectares a year. 3' global warming continues water supplies could be disrupted

leading to 'alling 'ood production. !e'orestation, soil erosion and ehaustion are eamples o' the


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Kolehiyo Ng Subic

Wawandue , Subic , ZambalesTragedy o' the billion by /0?0.


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesag'lation hit the real incomes o' the urban poor whose spending on 'ood 'ar outstripped their

spending on other items. *any ha#e died because they ha#e been unable to sur#i#e the rise in 'ood

price, the World 7an4 called this e''ect the Bsilent tsunami.A -ood price in'lation and go#ernment

inter#ention. &g'lation brought a wide number o' policy responses 'rom countries around the

world. They included, cash trans'er payments to #ulnerable households : putting etra strain on

go#ernment spending and budget de'icits. Wel'are payments ha#e also included bread or grain

subsidies speci'ically targeted to the poor and also rationing card systems to distribute subsidi%ed

wheat. ise in go#ernment spending on emergency 'ood aid programs and school 'eeding schemes.

Cower tari''s on cereal imports : the World 7an4 reported in /00> that twenty:'our o' 'i'ty:eight

countries sampled had cut import duties and $&T in the wa4e o' rising 'ood in'lation. 3ntroduction

o' maimum prices on bread,

rice and dairy products Dstaple productsE. @sing higher interest rates to control demand:pull and

cost:push in'lationary pressures. Some countries ha#e considered reintroducing grain bu''er stoc4

programs to mitigate price #olatility, despite the costs and problems o' such policies during the

>F0s and >>0s. ising 'ood prices will tend to help 'armers and rural areas where a high share o'

income and employment are lin4ed to prices and pro'its in the 'ood industry. 6igher prices will

stimulate 'ood production although the price elasticity o' supply 'or any one 'oodstu'' is li4ely to

be low at least in the short term : poorer 'armers may lac4 the access to 'resh credit and inputs

needed to respond in the short term to the incenti#e o' higher prices. 6igher 'ood prices are

incenti#es to produce more local 'ood : seed and 'ertili%er companies will do well. The search 'or

higher 'ood yields may also bene'it multinational agricultural biotechnology corporation. &n

increase in 'ood prices helps those countries which eport 'ood because Dceteris paribusE it causes a


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesmo#ement in the terms o' trade in their 'a#or. & gi#en #olume o' eports sold internationally will

now buy more imports : and 'or many lower:income countries this pro#ides an opportunity to

eport 'ood and import essential raw materials, components and technology. & sustained period o'

higher prices may also cause socially bene'icial changes in consumer beha#ior in richer ad#anced

countries.


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Kolehiyo Ng Subic

Wawandue , Subic , Zambaleswheat. 6igher 'ood prices do not necessarily lead to stronger re#enues and pro'its 'or the worldAs

poorest 'armers. *uch o' the gains 'lows to multinational 'ood businesses with huge monopsony

power in their chosen mar4ets. &nd 'or others, the gains o' higher prices ha#e been eroded by

increased costs o' diesel 'uel, 'ertili%er, pesticides, herbicides, seeds, transportation, increased

#olatility 'rom 'looding, drought and decreased yields 'rom soil degradation.

L%ca! an& F%r"ign Stu&i"#

*he economic structure o the 5hilippines has changed ver% little over the past

t)o and a hal decades and portra%s much o a 6atin American protot%pe

econom%7 a dualistic structure in )hich a small proportion o the la(or orce is

emplo%ed in a capital8intensive and highl% protected manuacturing sector'

)hile the larger share o the population is emplo%ed in t%picall% lo)8

productivit% agriculture and ur(an inormal services. #ver the past t)ent%8!ve

%ears there has (een a continuous struggle to maintain macroeconomic

sta(ilit% )ith gro)th (eing alternatel% limited (% a oreign e,change

constraint' a savings constraint and a !scal constraint. *he period 29:;8:9 is

crucial since it )as at this time that the 5hilippines accumulated a huge

e,ternal de(t (urden )hich dictated the structure o economic polic% in

su(se"uent %ears. *his is the reason )h% this period is included in the


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesanal%sis. *he ollo)ing is a narrative o polic% regimes rom 29:;8299< (ased

on =os and >ap ?299@. *he general theme is that economic managers'

consistent )ith the econometric evidence' sought to control ination (%

containing e,change rate movements and restricting mone% suppl%.

Stagnation in the process o structural transormation might conceal the

economic gro)th and changes that did ta-e place in the 29:;s and 29;s. *he

econom% gre) at an average rate o over < percent during the 29:;s. *his

reasona(le gro)th perormance )as largel% uelled (% a protectionist

incentive structure' a spillover o the import su(stitution program in the

29


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Kolehiyo Ng Subic

Wawandue , Subic , Zambales *he suppl%8led e,ternal !nance (oom provides the re"uired adustment

!nance and allo)s an investment e,pansion led (% import su(stituting

industries and pu(lic inrastructure and energ% programs. Manuacturing

activit% has the highest gro)th rate. *he periods e,ceptional gro)th is also

uelled (% an e,port8oriented program' )hich operates under a protectionist

incentive structure and support rom the e,pansion in pu(lic inrastructure.

Encouraged (% successul changes else)here in the region and sector support

o multilateral agencies ?the Forld Ban-' in particular' speci!c government

programs are set up to promote nontraditional manuactured

e,ports. *he program is successul to the e,tent that the share o

manuactured e,ports increases rom seven percent in 29:; to :< percent in

2991. Deeper anal%sis sho)s that this e,port success is largel% illusor% 7 or

instance' e,ports o semi8conductors contri(ute more than 2; percent o total

e,port earnings' (ut less than ;.< percent o total value added and around ;.2

percent o emplo%ment. Such st%lized acts also appl% to garments e,ports.

Due to the high share o imported inputs in (oth sectors' (ac-)ard lin-ages

)ith the rest o the econom% are small' limiting the di/usion o the sectoral

gro)th d%namics. Agriculture gro)th' though (elo) the perormance o the

econom%' is not unsatisactor% compared )ith the peromance o the sector in

neigh(oring countries' reaching an all8time high oten percent gro)th in 29:@.

Agricultural perormance is aided (% government support in the orm o rural


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesinrastructure and improved input supplies ?ertilizers' credits and high8

%ielding seeds in a num(er o important su(sectors ?especiall% rice and

regions. *he period also )itnesses the aggressive e,pulsion o the pu(lic

sector mainl% through ne)l% created pu(lic enterprises. *he consolidated

pu(lic sector de!cit reaches an all8time high o 9.G percent o HN5 in 29:@.*he

massive e,pansion o e,ternall% !nanced pu(lic investment is conditioned in

part (% a program o energ%8saving' e/ective import su(stitution and' in part'

(% a program o political consolidation (% the Marcos regime. Some anal%sts

contend that pu(lic enterprises )ere used as a conduit o oreign loans )hich

)ould other)ise have not (een contracted. HN5 per capita almost dou(les

rom IS GG@ in 29:C to IS


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesconcentrated in the domestic mar-et and (asic consumer goods' this shit in

income distri(ution signals an un(alanced sectoral gro)th path li-el% to run

against demand constraints similar to industrialization e,periences in 6atin

America. Adustment to another set o e,ternal and internal shoc-s mar- the

three su(se"uent su(periods7 29;81' 29G8


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesemerges as terms o trade continue to all and availa(le e,ternal !nance

contracts' a conse"uence o the crisis in the international !nancial s%stem

ollo)ing the deault o maor de(tor countries. Adustments to the crisis

involve a moratorium on de(t repa%ments' cuts in pu(lic e,penditure' and a

massive reduction in import volumes. *hese lead to a all in private

investment rates. *he econom% plunges into a maor recession. *he gro)th o

mone% suppl% ?MG alls to 21.G percent in 29G8< rom around 2 percent in

the preceding period. Reductions in pu(lic e,penditures are partl% o/set (%

increased transers re"uired to -eep the struggling pu(lic enterprises in

(usiness. *he 5SD alls rom @.1 percent to G.1 percent o-LHN5. $ndustrial

capacit% utilization drops severel% as the allocation o oreign e,change

impinges heavil% on import8su(stituting industries' e,acer(ated (% a high

interest rate polic% )hich attempts to arrest private capital outo)s ?capital

ight and counteract the inationar% e/ects o devaluation. *he

manuacturing sector su/ers most' sho)ing an 22.< percent all in output in

29C and 2


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Kolehiyo Ng Subic

Wawandue , Subic , Zambales(oost to e,port gro)th and' along )ith the severe cuts in imports' creates a

current account surplus in 29@. Nevertheless' the crisis hastens the collapse

o the political regime' as all economic sectors are a/ected and the domestic

coalition supporting the

Marcos regime sees its !nancial resources ?domestic and oreign d)indling.

*his period starts o/ )ith the internal shoc- o the collapse o the Marcos

regime and the installation o a ne) government em(ar-ing on a program o

"uic- recover% (% pump8priming9 current pu(lic e,penditures )hile cutting

pu(lic investment. E,ternal conditions are slightl% less adverse than in the

previous t)o periods' )hile de(t rescheduling and ne) sources o e,ternal

unding ?oOcial (ilateral and multilateral o)s provide adustment !nance.

5rivate and pu(lic demand e,pansion mid enhanced import capacit% stimulate

a recover% o private investment. *he sharp reduction in political uncertaint%

and )orld)ide acclaim or the peaceul transition also provide a (oost. #ther

e,ternal developments that aid the recover% are the all in )orld prices o

crude oil in late 29:' recover% o coconut prices' and the increase in the IS

sugar "uota to the 5hilippines in 29@. Hro)th re(ounds to over < percent.

Because o the lo) ination rate' the REER depreciates sharpl% in 29@ (ut

uctuates in a narro) (and the rest o the period. Inortunatel%' the ne)

government does not ta-e advantage o its international popularit% and

immediatel% agrees to honor e,ternal de(t o(ligations. *his leads to a net


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalescapital outo) o :.: (illion (et)een 29@ and 2992. *his is one reason the

euphoria is short8lived. *he econom% reaches ull capacit% in 29 and suppl%

(ottlenec-s emerge. *his is reected in an acceleration o the ination rate

rom G. percent in 29: to 2;.@ percent in 299. Another domestic shoc- in

the orn_ o the most serious coup attempt in 299 sha-es (usiness

con!dence. Structural economic pro(lems remain' there(% uelling the sense

o political insta(ilit%. HN5 per capita recovers to IS :;; in 299' though it is

still (elo) the level reached at the (eginning o the decade. Another (alance

o pa%ments crisis ensues to)ards the latter part o 299;' hastened (% the rise

in oil

prices ollo)ing the $ra" invasion o Ku)ait. Economic recover% to)ard the end

o 2992 is predicted' (ut this does not materialize (ecause o a severe energ%

crisis that can (e traced to a !scal constraint )ith pu(lic investment in

inrastructure cut (ac- to )ell (elo) t)o percent o HN5 or most o the

29;s. *o ma-e matters )orse' the (iggest volcanic eruption this centur%

occurs in mid82992. HN5 gro)th in this period averages a mere 2. percent'

(ut sta%ing (elo) one percent in 2992891. *he A"uino administration pursues

trade li(eralization measures )ith more vigor. A&*A ta-es center stage in

2991. A -e% polic% measure is the li(eralization o all regulations governing

oreign e,change transactions' )hich ta-es e/ect in the last "uarter o 2$91.

*he peso depreciates sharpl% in 299; (ut recovers lost ground in 2991 ater


18/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambalesreal interest rates rise again. *he net result is an appreciation o the REER. A

ne) government is elected in 2991' promising drastic measures to address the

energ% crisis (ut it continues to paral%ze economic activit% throughout most o

the %ear. ; percent o industrial output is produced' po)er outrages are a

dail% e,perience. Economic perormance is a ar cr% rom the @ percent gro)th

target the 5hilippine government had set out or this period. *his target is

(ased on assumptions a(out ade"uate e,ternal !nance' )hich has not (een

as orthcoming as e,pected' (ut o(viousl% this is (ut one condition )hich

cannot compensate or all the structural pro(lems o the 5hilippine econom%.

*he energ% crisis is !nall% resolved spurring economic recover%. *he economic

platorm o the Ramos administration cr%stallizes. *rade li(eralization'

deregulation and privatization programs are implemented. Among the a/ected

sectors are telecommunications and shipping. 5ro!ta(le state enterprises and

prime government real estate are sold to the private sector. *he high points

are the approval o the HA** accord in late 299C

and the issuance o an e,ecutive order in Jul% 299< urther reducing tari/s and

setting a timeta(le or the eventual realization o uniorm rates. Fith a more

li(eral environment' capital o)s pour into the countr%. Fhile these are mainl%

speculative' the oreign e,change constraint is rela,ed as reserves reach a

historical high. *he peso appreciates sharpl% in 299C (ut depreciates as the

entral Ban- rela,es monetar% polic%. #n the )hole' the REER continues to


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesappreciate in this period. Mean)hile' proceeds rom the privatization program

ease the !scal constraint. Fhat impedes more rapid investment is the decline

in domestic savings relative to HN5. *he administration proudl% announces

that per capital HN5 surpasses the 2';;; threshold in 299


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Kolehiyo Ng Subic

Wawandue , Subic , Zambalesood prices a/ect emerging economics more than developed countries

(ecause o signi!cantl% higher portion o their household spending going

to)ard ood. 5rices insta(ilit% caused (% rising agricultural prices )ill -eep

emerging mar-et economies rom implementing stimulus measures'

prolonging their economic slo)do)n. Agation )ill heighten the glo(al

inationar% pressure. Suppl% set(ac-s o ood )ill urther (urden the glo(al

econom%. Fe live in an agation )orld and its orcing changes all along the

suppl% chain. onsumers need to adapt to meet high volume production

demands. A period o rising ood prices a/ects (oth the demand and suppl%8

side o an econom%. And the impact )ill depend on man% actors including7

*he patterns o trade or one or more countries or e,ample )hether a countr%

is a net e,porter or importer o ood. Second' the importance o ood

production and e,ports in economic activit% e.g. or e,ample the share o

value added contri(uted (% arming' ood processing and other ood related

industries. *hird' Average incomes or a given countr% Q region and the

percentage o incomes that must (e spent on ood to ensure a modest (ut

ade"uate liest%le. 6astl%' possi(le e/ects o rising ood prices on varia(les

such as ination' interest rates and the e,change rate.


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Kolehiyo Ng Subic


C%nc"7tua! Fra"/%r8

This 'igure represents the process o' research.

3NP@T

PG


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Kolehiyo Ng Subic


+"initi%n O T"r#

• $N&6A*$#N

a continual increase in the price o goods and services.

• P#ARD$NH

A suppl% or und stored up and oten hidden a)a%

• HR#SS NA*$#NA6 5R#DI*

*he total income o a certain countr% in a %ear

Desertifcation

+"%r"#tati%n


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Kolehiyo Ng Subic


METHGODS AND PROCEDURES

Source o Data

*his stud% )as done (ased on valid procedures. *he researchers

conducted surve% together )ith the inormation and made used the resource

materials.

Instrument Used

*he researchers used surve% "uestionnaire to get the perception

o their respondents.


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Kolehiyo Ng Subic


8P8S8NT&T3GN &N&CHS3S &N! 3NT8P8T&T3GN G- !&T&

!istribution o' espondents &ccording to 5ender

5ender No. o' espondents Percentage


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Kolehiyo Ng Subic

Wawandue , Subic , Zambales*ale F =0I

-emale / 10I

!istribution o' espondents &ccording to &ge

&ge No. o' espondents Percentage

>:/ ; /J.JJ

//:/1 J 0

/?:/; F /=.=;

/F:J0 / =.=;

J:JJ 0 0

J1:J= J.JJ

J;:J> J.JJ

10:1/ J 01J:1? / =.=;

1=:1F / =.=;

1>:?/ J.JJ

!istribution o' espondents &ccording to


26/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambales S&: Strongly &gree

&: &gree

!: !isagree

S!: Strongly !isagree


27/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambales uestions S

!

I

&

I

!

I

S

!

I

. 3s the

recent

increase in

prices o'

rice

a''ecting

youL

/

=

F

1

0

0

0

0

/. &re

you willing

to lessen

your daily

consumptio

n o' riceL

0

0

;

?

J

/

=

J. Will you

still buy a

good (uality

o' rice e#en

i' its price is

too highL

0

0

/

1

J

1

?

1. 3'

you are

buying rice,

will you

?

?

?

?

0

0

0

0


28/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambalescompare the

prices o'

di''erent

brandL

?. !o you

thin4 i' the

supply o'

rice goes

up, the price

will be

decreasedL

;

/

0

J

J

1

0

0

=. !oes

ag'lation

will

impro#e the

economic

growth o'

our

countryL

;

/

F

=

?

0

0


29/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambales ;. !oes the

go#ernment

is the only

one

WhoAs

responsible

'or the

increase in

prices o'

riceL

0

0

;

/

J

1

0

J

F. “3mports

are a ma)or

tool to

combat

ag'lation”

!o you

agreeL

0

0

F

=

/

1

0

0

>. !o you

thin4

mar4et

'orces play

a #ery

important

role in

0

J

/0

=

0

0

0

0


30/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambalesag'lationL

0. !o you

thin4, is

there any

solution 'or

this crisisL

0

J

1

1

=

/

0

0

Tuestion 2

Strongl% Agree Agree Disagree Strongl% Disagree


31/45

Kolehiyo Ng Subic


Question



32/45

Kolehiyo Ng Subic


Question !



33/45

Kolehiyo Ng Subic


Question "



34/45

Kolehiyo Ng Subic



35/45

Kolehiyo Ng Subic


Question #



36/45


37/45


38/45

Kolehiyo Ng Subic


Question &

Strongl% Agree Agree Diagree Strongl% Disagree


39/45

Kolehiyo Ng Subic


Question '



40/45

Kolehiyo Ng Subic


Question ()



41/45

Kolehiyo Ng Subic


IV. SUMMAR' OF THE FIN+IN$S, CONCLUSION 6 RECOMMEN+ATION

Suary % t-" Fin&ing#

7ased on the research, the 'ollowing in'ormation ha#e gathered2

. &lmost 00I o' the respondents o' 7rgy. *atain a''ected by &g'lation

/. There were =0I o' respondents said that they cant lessen their daily consumption o' rice

J. =0I o' the respondents said that they will buy a (uality that suits to their budget1. 00I o' respondent will still compared di''erent brand based on price

?. There were =0I o' respondents thin4 that the price will be lessen i' the supply o' rice goes

up

=. There were F0I respondents said that ag'lation could help 'or the growth 9 impro#ement

o' our country

;. There were ;;I o' respondents said that it is not only the 5o#ernment whoAs responsible

'or the increase o' prices o' rice.

F. There were =0I o' respondents belie#e that importing o' rice will lead to the decrease in

its price

>. &ll respondents thin4 mar4et 'orces contribute a lot 'or this problem

0. *ost o' the respondents belie#e that there still ha#e a solution 'or this problem. They are

)ust positi#e thin4ers

C%nc!u#i%n


42/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambales 7ased on the study, the researchers 'ound out that most o' the respondents answer

that ag'lation particularly in the increase in the prices o' rice, a''ects greatly especially the poor

households, those who ha#e low income and those who are unemployed. &lmost =0I said that

they are willing to lessen their daily consumption o' rice, also ?0I o' them said that they will

consider a low (uality o' rice, whene#er they ha#e a limited budget.


43/45


44/45

Kolehiyo Ng Subic

Wawandue , Subic , Zambales -tt7(99///.g%%g!".c%.7-9g&/t923g!:P-6-!:"n;

PH6u:-tt7(99///."c%n%y/atc-.c%

LOCALE OF THE STU+'

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45/45

Kolehiyo Ng Subic


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Documents

Agflation Thesis