It is one in which resources are allocated by means of the price mechanism.

A product that people cannot be stopped from consuming even if they are not willing to pay for it and once used can still be used by others.

A product the government considers people undervalue

A product the government considers people overvalue

It is one in which the government makes most of the decisions on how resources are allocated

Both the private and public sectors play a key role. Resources are allocated using both the price mechanism and state planning

It is the value of a currency expressed in terms of the number of goods or services that one unit of money can buy

It is a frequents rise and fall of commodity prices in the market as a result of changes in the market situations, price can be seasonal whereby prices of commodities changes during certain season of the year due to the increase in supply and demand

It is the deliberate downward adjustment of the value of a country's money relative to another currency, group of currencies, or currency standard.

is an increase in the value of one currency in relation to another currency. Currencies appreciate against each other for a variety of reasons, including government policy, interest rates, trade balances, and business cycles.

is a fall in the value of a currency in terms of its exchange rate versus other currencies. Currency depreciation can occur due to factors such as economic fundamentals, interest rate differentials, political instability, or risk aversion among investors.

is an occurrence of harmony characterized by the lack of violence, conflict behaviors and the freedom from fear of violence, commonly understood as the absence of hostility and retribution.

Business owners and entrepreneurs are still suffering from expensive and time-consuming business registration and compliance processes.

Entrepreneurs in the Philippines, especially in the provinces, are continuously annoyed by brownouts and slow internet connection.

For start-up owners who are not yet earning operating Income, getting financial aid from the government or obtaining a loan from banks in the Philippines seems to be impossible.

They rely too much on their product while forgetting the other elements of marketing, such as place, price, people and promotion.

Without the ability to motivate employees and build stronger teams in their companies, entrepreneurs cannot succeed and grow their business.

New business processes and marketing methods emerge. For example, online channels like search engines and social media are now vital for business promotion. Without adapting to these new strategies and changes, entrepreneurs cannot become competitive.

Many entrepreneurs focus on earning money rather than earning loyal customers. Consequently, their profit doesn't last for long.

What hinders the success of some Filipino entrepreneurs is the lack of personal development.