2.

Women entrepreneurs are a growing force in the business world, with studies showing that women
start new businesses at a faster rate than men. One factor contributing to women's urge to Men initiate
business start-ups faster than women due to their desire for independence and control over their lives.
Women, particularly those who have faced gender-based discrimination or who have been relegated to
lower-paying jobs, frequently feel the need to take control of their financial hedging. Furthermore, when
it comes to work-life balance, women have different priorities than men. Women are more likely to
value freedom and independence in their jobs, making entrepreneurship an appealing option. Women
who start their own businesses can create schedules that work for them and their families, and they can
prioritize their personal lives alongside their professional goals.

3. Based on the results of the Global Economic Monitor study, business in the Philip[pines are (a) micro
and small scale and are (b) dominantly engaged in services than in the transformative business like
manufacturing.

* What could be the possible implications or effects to the economy if these business remain micro or
small scale?

Small businesses play an essential role in economies worldwide. These businesses often have unique
characteristics, such as flexibility and agility, which enable them to serve niche markets or respond
quickly to changes in demand. However, when businesses remain micro or small scale, as indicated by
the results of the Global Economic Monitor study, can have several implications or effects on the
economy. Firstly, one potential consequence of small businesses remaining micro or small scale is a lack
of job creation. Small businesses create fewer jobs than larger businesses, which may have an impact on
overall employment levels. As a result, economic growth may be disrupted, and job opportunities may
be limited. Second, small-scale businesses may have limited access to global markets. These companies
may lack the resources and capacity to compete with larger multinational corporations with extensive
marketing and distribution channels. As a result, the Philippines may miss out on export-led growth
opportunities.

 Continue to engage in providing services than engaging in manufacturing

The predominance of micro and small-scale businesses engaged in providing services rather than
manufacturing in the Philippines could have several economic implications. There could be several
implications and economic effects. Here are a few possible outcomes. This would result in low growth
productivity. There is some evidence that the services sector may grow at a slower rate than the
manufacturing sector. If businesses continue to focus on services, this could lead to lower long-term
economic growth. Another potential disadvantage of a service-oriented economy is that it may stifle
technological advancement and innovation. Manufacturing firms frequently invest heavily in R&D, which
can lead to technological advancements and productivity gains. On the other hand, services may not
have the same incentives to invest in these areas. This can limit the country's overall competitiveness
and potential for innovation.

4. RA 10644 provides for the integration of Entrepreneurship subjects in the High School and College
curricula. What do you think are the government’s reasons for this?