ENTREPRENEURSHIP

Detailed explanation-1: -Entrepreneurial activities have no domino effect to the Filipino people, the local community and the Philippine economy. Entrepreneurship creates new demand in the market. It is a nature of entrepreneurial venture that is engaged in the buying and selling of products or goods.

Detailed explanation-2: -Since governments cannot fund everything and provide employment to every citizen, entrepreneurs provide jobs to people, grow businesses, create unique products, provide services, and aid in circulating the money in society, all of the things that help improve a country’s economy and improve people’s lives.

Detailed explanation-3: -Entrepreneurship can create jobs, wealth and social empowerment, all of which may contribute to a decrease in poverty. Most people in the Philippines are employed in the informal sector.

Detailed explanation-4: -Among the current problems that Filipino entrepreneurs encounter today are the inadequate access to technology, financing capital, marketing advice and logistical problems in setting up and maintaining their competitiveness in their community.