Categories of Entrepreneurship (CTES)

3% tax (July 2021) from BIR

A. Corporate Entrepreneurship
a) Aka Intrapreneurship
b) Managers or Employees who lead the Companies

B. Technopreneurship
a) Uses technology or internet for entrepreneurship
b) Elon Musk, Steve Jobs, Mark Zuckerberg

C. Ecopreneurship
a) Crafting businesses that solve environmental
Problems
b) Ecopreneur.eu

Why need Entrepreneurship

 Maximize material effciciency and energy efficiency
 Use waste to create value
 Substitute virgin mterials with renewables and using
natural processes
 Create and offer functionality

D. Social Entrepreneurship
a) Businesses that solves social problems
b) Educational programs
c) Bank Services

General Economic Development Theories

A. Law of Nature
B. Racial Heritage
C. Climatic Condition
D. Cultural Diffusion
E. Principle of Invisible Hand - Adam Smith - Free Market,
pressures (Law of Demand) No control from government

Economics Theories (Why is there Economics?)

A. Population Change
a) Economic development is influenced by
population.
b) Population growth leads to increase in
poroduction(supply) and increase in
consumption(demand)

B. Technological Breakthrough
a) Technoological innovations drive the economy

C. Entrepreneurs
a) More entrepreneurs and business owners that
drives the economy

Entrepreneurshop provides the following

Product and necessities
Freedom from servitude
Meron pang isa before this di ko lang na note
Brings income to the government

Income Tax collection is the main source of revenue