What is the role of the private sector in the economy?
The private sector is recognized as playing an indispensable role in the nation. The State encourages private enterprise as a means of driving economic growth. It also provides incentives to attract needed investments into the country. Article II, Section 20 1987 Philippine Constitution acknowledges the importance of private business. “SECTION 20. The State recognizes the indispensable role of the private sector, encourages private enterprise, and provides incentives to needed investments.” 30-Jan-26About Nicolas and De Vega Law Offices
Nicolas and De Vega Law Offices is a full-service law firm in the Philippines. You may visit us at the 16th Flr., Suite 1607 AIC Burgundy Empire Tower, ADB Ave., Ortigas Center, 1605 Pasig City, Metro Manila, Philippines. You may also call us at +632 84706126, +632 84706130, +632 84016392 or e-mail us at [email protected]. Visit our website https://ndvlaw.com/.
