Quijano,Stephanie A.

BSHM 4E

ACTIVITY # 1

A. Given the definition, IDENTIFY the following Filipino values favorable to entrepreneurship.

Choose the answers from the box below and write it in the space provided.

___Bahalana________1. It is a phrase that can be translated as “whatever will be will be” or “leave it to
God”.

Management Relations 2. Since the Filipino tries to be sincere and well intentions in dealing with
people, he will also tend to be a good manager or employer.
Pakikipagkapwa____3. It is all about how we treat others and relate with other people. It tells us to
regard others as equal or as fellow human beings.
___Self Control _____4. It is another manifestation of our endurance, the “rope” or pisi of our patience
and tolerance is long.
__Copy Cat______ 5. Our ability to learn and adopt new ways of doing things may also be seen in
our talent for imitation.
ACTIVITY # 2

B. Answer the following question in the answer sheet provided. State your point and reason in not less

than five (5) sentences.

1. How entrepreneurship contribute to the economy of a country?

Entrepreneurship contributes to the economy of a country by helping to generate new wealth .

Wherein it plays a vital role in the development of a country’s economy as this is the key contributor
to innovativeness, product improvement, reduction of unemployment and poverty. It supports the
country's economy as it is the contribution of the government in the provision of goods and services.
It promotes innovation ,it plays a role in solving problems that existing products and technology
have not yet solved. So by producing new products and services or bringing innovation to existing
products and services, entrepreneurship has the potential to improve peoples’ lives.

2. State some solutions on the 3 fundamental economic problems.

1. Scarcity - one of the solutions to lessen the shortage in supply is to

consume what the environment can only produce. People should be educated with
family planning to avoid overpopulation. Prices of goods should be monitored
fairly to make sure that even the poorest consumers can afford to buy them.
2. Unemployment- in order to lessen the unemployment, assistance to self
employed people should be one of the priorities. If these owners can expand their
businesses, they can generate employment for other people. Providing livelihood to
local communities is also a good step to make .
3. Poverty - if the government can generate employment, families can have
food to eat. In order to overcome poverty, one must be educated/skilled or
experienced to work.