CLIMATE CHANGE AFFECTS ECONOMY
Weather is one of the important elements in a certain county. Philippines is a tropical country and had two seasons: dry season and wet season. Being a tropical country, Philippines experience a hot weather which http://www.mapsofworld.com/referrals/weather/climate/tropical-climate.html stated that tropical climate has an average temperature above 18ºC. Climate change is one of the disasters that can barely affect the economy of a certain country.
Baguio City, having a cold weather, is known as the “Summer Capital of the Philippines”. Tourists visit this country for relaxation and also for adventure and sight-seeing of some famous spots in this city. It makes a good contribution to the increasing number of tourists. Experiencing a cold temperature, there are some fruits and vegetables that only located and grow in this city because some grows only in a cold place like strawberries. According to http://www.abs-cbnnews.com/nation/regions/01/12/14/baguio-hits-lowest-temperature-2014 “Temperature dropped to its lowest this year in Baguio City. The Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) on Sunday said this morning’s 10.3° Celsius temperature in the city is the lowest since September of 2013. Meantime, farmers in Mt. Cabuyao in Baguio City are bracing for some losses due to frost injuries on vegetables, which could worsen if cold weather conditions persist.” Due to low temperature that Baguio is facing, it widely affects the economy of the said city. Supply of vegetables decreases because of the said frost injuries. Lower supply of vegetables results to higher price in the market. This is a great example of Law of Supply. Economy of the Baguio is in great danger because of this kind of temperature. I can say that climate change really affects the economy of our country. YOLANDA PROPELS DEMAND FOR HOUSING GOODS
Last November 8, 2013, a tragic disaster occurs in the Philippines...
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