Political crisis is one of the determinants of our economic condition.
The feud between the opposition and the administration can influence the change in our economy. Because of their non stop
critizism and opposing to each other that eventually produce rallies, and protest, foreign investors loose their interest
of putting a business in our country. Their perception that their business will be affected by this feud always prevail.
Political crisis has also something to do with the consistency of supply and demand in our economy.
For example, in labor, if wages decrease due to the unstable political condition, the demand for labor increases while the
supply reduces. Ths is the reason why there's a lot of college graduates who are either unemployed or underemployed.
Corruption affects our economic condition. We can also consider corruption as the basis why our country
is under political crisis now.There's a lot of politicians are corrupt. That's why some business firms often engaged into
unethical practices. If they don't cooperate with the politicians, they have no choice, engage or else loose their business.
It is important for us to have even a small business because of the present situation of our country 's economy
that resullts high price of commodity.....-Kaye_0911.......
