Fishing
Farming
Mining
Forestry
Agriculture
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poverty standard, bare-living, decency, comfort, luxury .
Bicol Region has a large amount of rich flat land, and agriculture is the largest component of the economy with close to 50% depending their livelihood on the industry. Coconuts, abaca, banana, coffee and jackfruit are the top five permanent crops in the region. Commercial fishing is also important with thirteen major fishing grounds supplying fish markets in places as far as Metro Manila. Agriculture and fishing are the major factors in the province's economy.
The 5 common problems in the Philippines 1. Poverty 2. Unemployment 3. High Population 4. Graft and Corruption 5. Peace and order
Several major economic developments were made in the 1920's. Five of them were sports, immigration, highway systems, increase in money supply, and sexual liberation.
The five major divisions of economics are:ConsumptionDistributionExchangeProductionPublic Finance