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ECONOMIC DEVELOPMENT
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Montāžas Teksta

  • TRADING SYSTEM
  • Hey, why don't we trade our products to foreign countries?
  • Sure, let's introduce to them our supplies to increase our demand. 
  • PHILIPPINES TO OTHER COUNTRIES
  • You can not send your trade your products to other countries but you may trade them to Spain
  • PHILIPPINES TO SPAIN
  • Trading System in the Philippines during the 19th Century
  • SPAIN TO OTHER COUNTRIES
  • Filipinos can't trade their products to other countries because they are controlled or monopolized by the Spaniards, especially friars.
  • ADVANTAGE FOR THE ROYAL FAMILY
  • They can only trade and export their products to Spain.
  • DISADVANTAGE FOR THE FILIPINOS
  • Spain would sell the goods from the Philippines at a substantial mark-up
  • Spaniards would reap the profit that would give the royal family the advantage and benefits they earned from the supplies.
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