In: People. Cagayan State University-College of Medicine 2. Bring this Form to the nearest Bank By then truly aggravated, I suddenly remembered a contemporary who had been an honor student but somehow never made it in life. He was always in dire need, buying and selling odds and ends to keep body and soul together.
Ukay-Ukay , it is the Filipino adaptation of a "flea market" and one of those typical features from the Philippines. It began more than thirty years ago and in a short period of time became the best bargain sensation in the country, from rags to riches, a shoe-string enterprise, born out of necessity and grown into a lucrative fashion industry. Ukay-ukay in short UK is actually gouging in a pile of run down clothes, the word is derived from the Filipino phrase 'halukay' w hich literally means " digging" or "make a mess. In a poverty stricken country that is often hit by calamities, in times of need, ship-loads of second-hand and discount garments and other relief goods from various parts in the world came in, as forms of support to the people of the Philippines. But for many reasons the goods piled up and were exchanged to tradesmen who, in turn sold the clothing to the general public.
Following the decrease in the price of a good, there is an increase in the quantity demanded by the consumer due to the substitution effect. However, in such a case, the income effect is opposite Krugman and Wells. While lower savings rate causes higher consumption, resulting in higher output.
I saw tempting offers on the streets as I passed by the cheaply priced pairs of shoes on my way to a mall. I saw it as a good deal since it takes me over a year to buy another one, unless necessary. Branded shoes are expensive for me.