Philippine Standard time

RURAL INDUSTRY AND TRADE


The paper uses a household production model in analyzing production and consumption decisions of rural households which comprise most of the small-and-medium scale industries in the country. The same model indicates the following ways in which the ruralndustry can be developed to ultimately diminish poverty. These are increasing specialization given trade possibilities; improvements in technology, and the creation of institutions/facilities to integrate the rural industry in the national econ.

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