Tourism is an important sector for Philippine economy. In 2019, the travel and tourism industry contributed 12.7% to the country's GDP. Philippines is an archipelagic country composed of 7,641 islands with 82 provinces divided in 17 regions. The country is known for having its rich biodiversity as its main tourist attraction. Its beaches, heritage towns and monuments, mountains, rainforests, islands and diving spots are among the country's most popular tourist destinations. The country's rich historical and cultural heritage, including its festivals and indigenous traditions, are also one of the attractions of Philippines. Popular destinations among tourists are Cebu, Boracay, Palawan, Siargao, and many more. However, despite these large potential, the tourist industry of the Philippines has lagged behind its Southeast Asian fellows like Thailand, Vietnam, Malaysia, Singapore and Indonesia, due to political and social problems.
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The colonies helped them trade <span>acquisition of resources, and relief from </span>population growth<span>, famine, and drought. </span>
Answer:
Agree
Explanation:
Assumptions of Pure Monopoly Single Seller (Many Buyers) Heterogeneous good Perfect Information Barriers to Entry.
