Instant Noodle Market An Economic Indicator in the Philippines Essay Example For Students

Instant Noodle Market: An Economic Indicator in the Philippines Essay Introduction Background of the Study With the Philippines’ declining economic system. people are going more concerned with their outgos and are switching their ingestion to cheaper options. Such an option for nutrient is instant because these instant noodles are non merely tasty and filling. but besides really inexpensive. These three qualities have made it really popular among consumers who are fastening their budget. This paper aims to demo that the increasing popularity and gross revenues of this instant noodles are straight related to the declining status of the Philippines’ economic system. When consumers experience lower income and lower degree of passing power they tend to replace cheaper. lower quality goods for comparatively more expensive. higher quality goods. In this visible radiation. instant noodles are going an index of the country’s economic public presentation. Additionally. this increased ingestion of instant noodles brings about many wellness and economic deductions. Statement of the Problem In the current deteriorating province of the Filipino economic system. instant noodles. because of their affordability and convenience. are easy replacing traditional nutrient basics and at the same clip. going an economic index. In this research. the writer focal point on how instant noodles are deriving popularity in the Philippines in relation to this product’s features and the influences of the economic system and income per capita. The paper would besides work out the undermentioned inquiries: how the ingestion degree of instant noodles is declarative of the country’s economic activity? What are the deductions that the turning ingestion of instant noodles may hold on the Filipino economic system and the wellness of the population? Importance of the survey More cognition on this subject could turn out utile to understanding how the instant noodle market could go an effectual gage of a country’s public presentation and the province of life. In add-on. by diging into the topic. more information may be made available and would let future surveies to look more closely on how instant noodles may be improved to further profit the general population. Besides. the turning industry may be turn out to be utile as a mechanism of supplying labour and other signifiers of economic benefits for the state. As poorness continues to be rampant and resources remain scarce. instant noodles may turn out to be a solution to some of the jobs faced by the Philippines today. Scope and Limitation of the Study The research will concentrate on the consumer activity of families with comparatively low income and how it would associate to the economic system. The study for this paper will be conducted with 30 respondents at Brgy. 617. a comparatively destitute urban community situated in Sampaloc. Manila. The interview will besides take topographic point in the said barangay. Capable: AccountingSubject of Subject: Instantaneous NoodlesSubject: The effects of noodles to those household who has low income Purpose: The intent of this research is to farther increase the apprehension of how the economic province of a state affects its consumers’ behaviours towards instant noodles or even similar merchandises. Title: Instantaneous Noodles Becoming a Replacement for Traditional Food Staples in Brgy. 617 Sampaloc. Manila and an Index of the Filipino Economy.