The Philippine economic system is emerging over the battle of economic struggles. Both materials have traditionally found secondary and tertiary uses (i.e. the latter, that is the bagazo, being used as compost, as mulch, as a principal ingredient in fabricating adobe bricks, for making paper, and as the substratum for industrial mushroom production); but the bounds of ingenuity are infinite, especially as realized in the midst of a five 12 months program in industrial engineering.\n\nThroughout the research specialisation of Industrial Economics and Organisation, the research is oriented in direction of the Economic Sciences. Economic Sciences give attention to research on Industrial Renewal, whereby we mean the act, process, content, and consequence of renewal related to trade, i.e. business and commerce.\n\nIn the USA in the same 12 months Chamberlin printed The Principle of Monopolistic Competition (1933). This implied specifically the development of a big literature on whether concentration and market power are proofs of monopolisation or not, as well as on the definition of the relevant product and geographical market.\n\n- Fundamental ideas: the basics of microeconomics, market structure and market power, expertise and production costs. – The monopoly power in principle and follow: value discrimination and monopoly; linear and nonlinear prices; variety and product quality in monopoly.\n\n
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