NSTP PRELIM

• Plebiscite  refers to the process by which a

  certain question

  is put to a popular vote for approval

  or rejection.
• Election This refers to the expression of

  choice.
• Initiative-It is a process by which the electorate

  directly proposes or passes needed laws

  or programs without going through the

  hassles of the legislative department.
• Referendum - It refers to when a

  question or law or part of it is

  submitted to the electoral

  body for its approval or

  rejection.
• Recall - It is a process of removing

  an incumbent officer from

  his/her position before the

  expiration of his/her term of

  office by a vote of the people.
• Local Elections – These are held every three years for local officials such as governors, vice governors, mayors, vice mayors, councilors, barangay chairmen, and sanggunian members.
• National Elections – These are held every six years for members of Congress (Senators and Representatives). The President and Vice President are also elected during these elections.
• General Election – elections are

  held simultaneously on the same

  day for all national and local offices.

  National Election – elections for

  national officials like the president,

  vice president and members of

  congress.

  Local Elections - elections of

  offices in the cities,municipalities,

  and provinces.

  Special Elections - this is

  determined by Congress in the date

  different from the regular election.
• Laissez Faire Theory

  It explains that the government should not interfere

  in economic activities. It is absolute free-enterprise

  economy.

  2. Keynesian Theory

  The government should play the key role in

  economic development, particularly in less developed

  countries, or those with depressed economic conditions.

  3. Ricardian Theory

  This is the theory of David Ricardo, an English classical

  economist. He believes that the key factor in economic

  growth is land. This means that agriculture plays a major

  role in economic development.
• 6. Innovation

  This was developed by Joseph

  Schumpeter. He stresses the role of

  innovators or entrepreneurs in

  economic development.

  7. Non-Economic Theory

  • The key factors are political stability, efficient

  public administration, open society, and

  positive cultural values.