Arowwai Industries

ENTREPRENEURSHIP
GUESS THE
GIBBERISH
ee-kou-nu-mi
end-trip-re-
knor-sheep
so-shall
Start It Up!
Start It Up!
SMALL
EMPLOYMENT
BUSINESS

ENTREPRENEURSHIP

ECONOMY ENTERPRISE
 ECONOMY
THE SYSTEM BY WHI C H T H E PR O DU CT I O N
AND C ONSUMP TI O N O F GO O DS
AND S ERVI C ES I S O RG AN I Z E D I N A CO U N T R Y
OR COMMUN I TY.
 EMPLOYMENT
THE STATE OF BEI NG EMPL O Y E D O R H AVI N G
A J OB; THE O C C UP ATI O NF OR WHI CH YO U
AR E P AI D.
 ENTERPRISE
ANY ACTI VI TY WHI C H P RO VI DE S CU S T O M E R S
WI T H A PRO DUC T
( GO ODS/ SER VI C ES ) WI TH A VI E W T O M AKI N G
A P ROFI T.
 ENTREPRENEURSHIP
T HE P RACTI CE O F S TART I N G N E W
ORGANI Z ATI O NS , P ARTI CU L AR L Y
NEW BUSI NES S , G ENERAL L Y I N R E S PO N S E T O
I DENTI FI ED O P P O RTUNI TI E S .
 SMALL BUSINESS
I S ONE THAT I S I NDEP ENDE N T L Y O W N E D
AND OPERAT ED BY THE OWN ER.
INNOVATION

ENTREPRENEURSHIP
AND SOCIO-
ECONOMIC
DEVELOPMENT

INVIGORATES
 INNOVATION

THE INTRODUCTION
OF SOMETHING NEW
ENTREPRENEURSHIP
AND SOCIO-
ECONOMIC
DEVELOPMENT
- TRANSFORMING IDEAS INTO
ECONOMIC OPPORTUNITIES IS
THE INDEX OF
ENTREPRENEURSHIP.

INVIGORATES

TO GIVE LIFE,
ENERGY, STRENGTH
 The following benefits that result
from entrepreneurship explain why
development takes place when a
society becomes entrepreneurial:
1. Entrepreneurship creates
employment

When entrepreneurs put up a business,

they often need to hire at least one or
two other people in order 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 ofincome and
therefore eases social unrest.

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.
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 and other cereal products and other agricultural products,
thus, it saves much for the country.
5. Entrepreneurship brings social benefits
through government.

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 and other cereal products and other agricultural products,
thus, it saves much for the country.
 ACTIVITY

1/2 crosswise : Give at least 1 Personal Gains in your business (My gain,
CommunityGain and Country Gain) by considering the table below.

Community Country
My Business My Gain
Gain Gain
Quiz 1
Quiz 1