Climatic condition

Cultural diffusion

establishment of enterprises, jobs are created; resources such as land,

Racial heritage labor
Entrepreneurship creates employment of resources: land, labor, capital,
entrepreneurship.
Entrepreneurs employ unutilized and unmaximized resources.

General theories on economic development

Entrepreneurship helps provide sources of income through the job creation.

Law of nature “the rich becomes richer, the poor becomes poorer” is changed to “the
Entrepreneurship brings equitable distribution of income. rich becomes richer, the poor becomes rich”.

When entrepreneurship flourishes,

Principle of invisible hand then more jobs are created.

The Go Negosyo Law (Republic Act No. 10644)

Bringing development in the rural or countryside

The Barangay Micro Business Enterprise Law (R. A. 9178 of 2002) Entrepreneurship brings industrialization to the countryside.
Preventing the migration of talents
thus assuring improvements in the countryside.
The Magna Carta for Small and Medium The support of the Philippine
government to entrepreneurship. Socio-Economic Development
Enterprises (R. A. 6977)
Ciclo de vida de desarrollo de Software Products and necessities that sustain life

The Intellectual Property Code of the Philippines (R. A. 8293)

Freedom from servitude, social deprivation, and misery

Innovative Start Up Act (R. A. 11337)

Self-esteem for the entrepreneur
Entrepreneurship helps provide the following:

Being a person with a sense of self-worth and

self-respect

Being of service to the community.

Access to finance, legal, technological, and socio-psychological

Taxes paid by the

entrepreneur

Financial Assistance Entrepreneurship brings income to the government Taxes paid by the business
Production and productivity assistance
Marketing assistance

Taxes paid by the employees