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San Isidro, Leyte Public Market: an Economic Impact Analysis

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San Isidro, Leyte Public Market: an Economic Impact Analysis
Edilyn M. Esquivel AB-Economics 3A

San Isidro, Leyte Public Market: An Economic Impact Analysis

Chapter I: Introduction

Background of the Study

San Isidro is a 4th class municipality in the province of Leyte, Philippines. Its number of population as of 2011 according to the Local Governance Performance Management System (LGPMS) is 19, 655. San Isidro is politically subdivided into 19 barangays with a total land area (in has) of 14, 254.12. San Isidro’s economic activities lie on agriculture, fishery, commercial and service centers, industrial and mining.

As part of its economic activity, commercial and service centers, the public market of San Isidro is apparently operating as a dynamic factor in the progress of the town. Long before the ample changes of the market, there were only a few businesses providing for the primary needs of both household and government individuals. And as to the transitional alterations of the whole picture of the market, little by little, it boosts the capabilities of small and medium enterprises of the municipalities as it is being opened to them a way to increase productivity and cater social assistances in the form of goods or services.

Public Market is a market, in public spaces, where independent merchants can sell their products to the public. Typical products sold at public markets include fresh produce, baked goods, locally raised meats and dairy products and various other food items and handcrafted goods. Public markets often emphasize foods, clothing, and artisanal products reflective of the ethnicities in their respective regions. They can also serve as popular venues for public events and busking. Public markets are distinct from farmers' markets in that they often feature imported goods.

That is why, I came up with the notion of creating a study as regards Public Market in San Isidro in a view of its history up to the present state. I am interested to its ability to help advance economic prosperity in

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