What is the meaning of Article 12 national economy and patrimony?
In the grant of rights, privileges, and concessions covering the national economy and patrimony, the State shall give preference to qualified Filipinos. The State shall regulate and exercise authority over foreign investments within its national jurisdiction and in accordance with its national goals and priorities.
What is national economy and patrimony all about?
National patrimony is the store of wealth or accumulated reserves of a national economy. In addition to monetary reserves and other financial holdings, national patrimony also encompasses a nation’s non-monetary wealth or reserves, such as its national monuments, cuisine, and artistic heritage.
What article is the national economy and patrimony?
Article 12 national economy and patrimony.
What is the meaning of Article 12 section 12?
SECTION 12. The State recognizes the sanctity of family life and shall protect and strengthen the family as a basic autonomous social institution. It shall equally protect the life of the mother and the life of the unborn from conception.
What is the main purpose of the national security in the Philippines?
The primary objective of the National Security Policy (NSP) is to fulfill this national vision and safeguard the national interests which include, among others, the protection of the people, their ways of life, welfare and well-being; strengthening of the country’s democratic institutions; safeguarding its territorial …
What is the subject of Article 12?
Subject to the provisions of this article, States Parties shall take all appropriate and effective measures to ensure the equal right of persons with disabilities to own or inherit property, to control their own financial affairs and to have equal access to bank loans, mortgages and other forms of financial credit, and …
Who is the father of Philippine security?
MANIWANG PhD, WSO-CSSD, Registered Criminologist and well known as the “Father of Philippine Security” first established, as a single proprietor, a private security agency the National Intelligence and Security Service, a business he thought of after World War II, being a war veteran under the USAFFE and as the country …
What is Article 12 of the Constitution about?
Article 12 defines the term ‘state’ it says that-Unless the context otherwise requires the term ‘state’ includes the following – 1) The Government and Parliament of India that is Executive and Legislature of the Union. 2) The Government and Legislature of each states.
What all comes under State Article 12?
According to Article 12 of the Constitution of India, the term ‘State’ can be used to denote the union and state governments, the Parliament and state legislatures and all local or other authorities within the territory of India or under the control of the Indian government.
What is national economy?
Definition of national economy : the economy of a nation specifically : the economy of a nation as a whole that is an economic unit and is usually held to have a unique existence greater than the sum of the individual units within it.
What is the current economy of the Philippines?
Amidst rising global uncertainty and inflationary pressures, the Philippine economy is poised to remain strong and is projected to grow at 6.5 percent in 2018, 6.7 percent in 2019, and 6.6 percent in 2020.
What is the purpose of Article 12 What is it trying to do?
Article 12 protects the right of men and women of marriageable age to marry and to start a family.
What is patrimony in economics?
National patrimony, the store of wealth or accumulated reserves of a national economy. Patrimonialism, a form of governance in which all power, both public and private, flows directly from the leader.
What is the concept of national economy and patrimony?
Concept of national economy and patrimony. 1. The national economy refers to the entire structure of economic life in a country. It encompasses all the activities relating to or concerned with the production, distribution and consumption of goods and services and what are called “factors of production”. 2.
What are the goals of the national economy according to Article 12?
ARTICLE XII. NATIONAL ECONOMY AND PATRIMONY. Section 1. The goals of the national economy are a more equitable distribution of opportunities, income, and wealth; a sustained increase in the amount of goods and services produced by the nation for the benefit of the people; and an expanding productivity as the key to raising the quality
What is Section 12 of the Philippine trade policy?
SECTION 12: The State shall promote the preferential use of Filipino labor, domestic materials and locally produced goods, and adopt measures that help make them competitive. Adoption of “Filipino First” policy. This is also provided in the above section: (1) Duty of the State.
What are the characteristics of national economy protectionism?
The national economy protectionism endeavor to follow rules laid down in each Decalogue as follows: 1. cherish your own above all others; 2. Honor your country products, industries, and commerce; 3. Think and act as a Filipino on economic matters; 4. Do not consume foreign goods if the same are produce locally; 5.