No one can underestimate the great contribution that our entrepreneurs did to the

development of our economy. Apart from the mere fact that the business itself generates
economic wealth, there are still other reasons why we can consider entrepreneurs as economic
transformers or developers.
First, entrepreneurs have significantly improved our economic wealth because of the
quick circulation of money and other financial resources brought by the massive transactions
made by people all over the country and the nation itself. It helps build a strong foundation for
the country's economy and it has become one of the major sources of internal revenues. Another
fact is that entrepreneurs offer a variety of job opportunities to the people which in turn decreases
the unemployment rate. Subsequently, entrepreneurship removes regional disparities and had
been one of the keys to alleviate the poverty cases in the country. Looking at the bigger picture,
entrepreneurs have also contributed a lot in the field of trade, commerce, and industry in the
global market, which has helped boost our economic wealth. Also, the invention of new
products, organization developments, and technological advancements are all because of the
ideas of entrepreneurs wherein without these innovations, there will be no further changes and
development to our standard of living. Finally, entrepreneurs have helped our country self-reliant
and independent from other countries, which is a good indication that our country is developing.
In general, entrepreneurship is the bloodline of the economy. Without our brilliant
entrepreneurs, our country will remain economically stagnant up until today.

2. Provide a list of government programs that promotes country’s entrepreneurial venture.

1. Regional Interactive Platform for Philippine Exporters (RIPPLES) Plus
2. Negosyo Center
3. One Town, One Product (OTOP) Philippines
4. Go Lokal!
5. Kapatid Mentor Me Project
6. SME Roving Academy
7. Shared Service Facilities
8. Industry Clusters
9. Pondo sa Pagbabago at Pag-asenso
10. MSME Disaster Resiliency
11. Livelihood Seeding Program – Negosyo Serbisyo Sa Barangay

Other foreign-assisted programs:

1. Gender Responsive Economic Actions for the Transformation of Women II (GREAT
Women II)
2. Integrated Natural Resources Environmental Management Project (INREMP) –
Livelihood Enhancement Support 2
3. Mindanao Agro-Enterprise Development Project (MADP)
4. Negosyo Center – Institutionalized Innovation Assistance for SMEs
5. ON3 Technology Entrepreneurship Acceleration Program
6. Rural Agro-Industrial Partnership for Inclusive Development and Growth (RAPID
Growth)