CHAPTER 2

THE ROLE OF
ENTREPRENEURSHIP IN
ECONOMIC DEVELOPMENT

CONTRIBUTION OF ENTREPRENEURSHIP

CONTRIBUTION OF ENTREPRENEURS
DEVELOP NEW MARKET
DISCOVER NEW SOURCE OF MATERIALS
MOBILIZE CAPITAL RESOURCES
INTRODUCE NEW TECHNOLOGIES, NEW
INDUSTRIES AND NEW PRODUCTS
CREATE EMPLOYMENT

PARTICIPATION OF WOMEN
as stated, human resource are the most important
productive resources. Unfortunately in poor countries or
underdeveloped economies, most of the women are
engaged in unproductive activities. It is true that in the
rural areas, women help in the farms. In economics,
such situation is referred to as diguised unemployment.

The business potential of women who gained the

attention of some United Nations agencies and nongovernmental organization (NGOs).

FILIPINO ENTREPRNEURIAL ECONOMY

One of the top programs of the government is the
development and promotion of the Filipino
Entrepreneurship. There are many government
agencies and private oranization which extend financial
and technical assistance to micro and small enterprises.

CONTRIBUTION OF ENTREPRENEURSHIP

CLARO M. RECTO
said that we need economic nationalism to attain
real economic growth. He defines economic
nationalism as the control of the economic sources of
the country by its own people, and their use of such
resources for their own benefit and enjoyment. Recto
also claimed that the cause of our poverty is that we
allow foreinger to dominate our economy.