ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -The essence of utang na loob is an obligation to appropriately repay a person who has done one a favor. The favors which elicit the Filipino’s sense of utang na loob are typically those whose value is impossible to quantify, or, if there is a quantifiable value involved, involves a deeply personal internal dimension.

Detailed explanation-2: -What the Filipino term “utang na loob” literally means is that the lender is giving part of himself. He conveys good will. Thus, this is what he is owed. The beneficiary of his favor incurs a debt of good will that needs to be repaid.

Detailed explanation-3: -What exactly is utang na loob? Literally, it translates to “debt of one’s inner self” or “debt of gratitude.” An example of this is when a young adult sends monetary support regularly to their parents or relatives as a “thank you” for the times they were being supported.

Detailed explanation-4: -Utang na loob was translated by Kaut (1961) as ‘’debt of gratitude”. Andres (1994, pp. 190–191) defined it, following Kaut’s logic, as ‘’the principle of reciprocity incurred when an individual helps another.

Detailed explanation-5: -Utang na Loob literally means “debt from the inside.” It is a sense of reciprocal social obligation. Morally, it refers. to “debt of gratitude.