BERGULA, FRANCIS NICOLE C.

BSE3D- exercise 2 module 1

1. Explain entrepreneurship accelerates economic growth.

+Entrepreneurship are very important when it come to market economy because they create new
products and services that leads in making new employment that accelerate one economy
development. Also entrepreneurship are the one that created new jobs and opportunities that is one of
the reason for a country economy development.

2. Explain entrepreneurship promotes innovation.

+Entrepreneurship has a large help to other people's lives become better by producing new products
and services and bringing innovation to existing products and services.

3. Explain and describe entrepreneurship can promote social changes.

+Entrepreneur bring about social change in this way, like whenever any person setup any industry at
any particular area, then the people who live nearby that area or in that area only, start moving towards
that industry in the search of job, and because of this that industry will start developing.

4. Explain entrepreneurship promotes research and development.

+The importance of Research and development in an organization is that, it is a main factor for allowing
achievement of future growth of an organization as they increase the company's knowledge, make
better technology capacities and products and processes innovation.

5. Describe entrepreneurship develops and improves existing enterprises

+By the word supporting and promoting, entrepreneurship has a good impact in once country's
economy and even new businesses and social entrepreneurship that increases in finding innovation
solution to social changes. It also means that entrepreneurship development is basically the process of
improving the skill set as well as the knowledge of the entrepreneurs and entrepreneurship improves
existing enterprises with the benefit of providing new job opportunities, create new business and
markets and introduce innovative technologies.