SLMs + QUALAS

Supplementary
Materials/Self-Learning LEARNING ACTIVITY SHEET No._1_
Modules based instruction in SPTVE (Entrepreneurship 9)
paired with MELC- Based Quarter 1
Quality Assured Learner’s
Activity Sheet (LAS)

Name: _________________________________ Grade & Section: ______________

Teacher: _______________________________ Date Submitted: _______________

MELC 1: _ Explains the concepts of Entrepreneurship.

Objectives/Subtasks: 1. Identify the benefits of entrepreneurship to socio-economic development.
Lesson/Topic: Entrepreneurship and Socio-Economic Development

Quarter No. 1 Week No. 2 Day: 1-4

Reference/Source: Competency-Based Learning Material Page No.: 4-6

Effective Technology & Home Economics Page No.: 260-261

Activity Title
Entrepreneurship and Socio-Economic Development

Key Concepts

Definition of Terms

Economy is the system by which the production and consumption of goods and services is organized in
a country or community.
Employment is the state of being employed or having a job; the occupation for which you are paid.
Enterprise is any activity which provides customers with a product (goods/services) with a view to
making a profit.
Innovation – The process of creating something new or making something out of something that already
exists.

Entrepreneurship and Socio-Economic Development

One of the current issues under consideration at the moment is “the problem of unemployment”.
As you can understand, the importance of getting work for all citizens has become a priority concern for
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the government.
Entrepreneurship is also the ability to create something new, or to think of new ways of doing
things. This process is called innovation. Innovation has produced many things that have made work
easier for man. Economically, entrepreneurship invigorates markets. The formation of new business
leads to job creation. In developing countries such as the Philippines, factories, trade and agricultural
production, and service industries are much needed for the employment of people. This then produces
multiplying effect on the economy.
The national budget comes from taxes paid by business enterprises as well as from small
business entrepreneurs. The success of these business enterprises contributes much to the national
economy which helps improve the quality of life of the people.


Benefits of Entrepreneurship to Society

1. Entrepreneurship creates employment

When entrepreneurs put up a business, they often need to hire at least one or two other people to
get things done. In fact, some businesses employ hundreds and even thousands of workers.

2. Entrepreneurship improves the quality of life

Entrepreneurs continuously innovate and develop new products and services based on what they
perceive to be the needs of the society. They also look for ways by which these goods and services
could be more efficiently produced. Such innovative efforts lead to better machines and a more efficient
production system. The development of new products and the delivery of needed services make life
easier and comfortable for society.

3. Entrepreneurship contributes to a more equitable distribution of income and therefore eases

social unrest.
By putting up an enterprise in the locality, entrepreneurs are actually dispersing the benefits of
development to other parts of the country.
When income is evenly distributed, entrepreneurship flourishes. People have more money to buy
the products and services they need, thereby bringing in more profits to entrepreneurs. At the same time,
people may also have enough to invest on enterprises of their own, thus increasing the supply of
entrepreneurs.
The eradication of poverty will help solve social problems like crime, juvenile delinquency, and
malnutrition.

4. Entrepreneurship utilizes resources for national productivity.

Our country will develop faster economically if all its resources are maximized. For example, in the
rural areas we have vast agricultural areas for the production of cereals and vegetables. If these areas
are developed and used to the maximum, the government need not to import rice, cereal products and
other agricultural products, thus, it saves much for the country.

5. Entrepreneurship brings social benefits through government.

With the revenues the government collects from taxes, duties, and licenses paid by the
entrepreneurs, the government allocate the money to different services to the communities. These
services come in the form of infrastructure facilities such as roads and bridges, educational and medical
services and facilities, and maintenance of peace and order.

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Activity No. 1

With the lesson presented to you, you are now convinced that you can be an entrepreneur and that
you can help alleviate poverty in our country.
If you wish to start a business and become an entrepreneur, what will be your personal gains? List
at least 3 Personal Gains:

Directions: Fill in the table below with at least 3 possible benefits in your chosen business. Write it in My
Personal Gain column. Fill in also Community Gain and Country Gain columns based from your
personal gain. No. 1 has been done for you as your guide. (Note: Copy first the table in your
assessment booklet)

My Personal Gain Community Gain Country Gain

1. Financial reward Employment Tax
2.
3.

Quiz No. 2: Essay

Directions: Explain how entrepreneurship contribute to socio-economic development. Write your answer
in your assessment booklet. Below is the rubric that will be used in rating your answer.

CRITERIA RATING
The essay relates entirely to the assigned topic. 40%
Content and ideas are organized in a clear, logical 30%
manner.
The essay employs standard grammar 20%
conventions, proper punctuation, and proper word
choice.
The essay is written neatly. 10%
Total 100%

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Answer’s Key

My Personal Gain Community Gain Country Gain

1. Financial reward Employment Tax

2. Learning opportunities Community identity Stimulate economic

growth
3. Creative Freedom Making connections Invigorates markets