Answer:
The Philippines, with its large area of fallow land, rode the wave of bulk commodity trading. The Philippines' economic condition gave rise to Haciendas or the “cash- crop economy”, where large parts of lands would be used for crops such as rice, sugar beets, tobacco, fibers, coffee and abaka.
Explanation:
National economic goals include: efficiency, equity, economic freedom, full employment, economic growth, security, and stability.
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