Please rephrase this paragraph:

Macroeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506756
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter2: Some Tools Of The Economist
Section: Chapter Questions
Problem 14CQ
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Please rephrase this paragraph:

The Regalian Doctrine says that the government owns all natural resources in the Philippines, like land, water, minerals, and animals. But there are some exceptions to this rule. One exception is the recognition of the rights of indigenous people to their ancestral lands, including the natural resources within their territories. Another exception is when the government grants exploration and development rights to private companies for certain natural resources like petroleum, coal, and minerals. Additionally, the government can make agreements with private entities for the development and management of certain natural resources, such as forests and fisheries, mineral lands, and others. These exceptions allow some groups to use natural resources for their own benefit while still preserving them for future generations.

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