The Contribution of Entrepreneurship to the Filipino people is that it provides livelihood in such

that business that will help them in their everyday life. Owning a business means growing ones
capital and gaining profit which of good help to the Filipino people who want to be self-employed. In
addition to this, having a business such as restaurants or gas stations can help the local
community by giving them jobs. This opens doors to many work opportunities to help the local
community. Businesses give back to the community in such a way that it can be a an outlet or a
source for one to purchase their necessities. With all these mentioned effects of
entrepreneurial activity, it also boosts the Philippine economy in a way that the gross domestic
product of the country will increase. There will also be an increase in productivity which
encourages competitiveness. With this, the Philippines becomes a competitive ground for the
market in which the country also becomes internationally competent. Entrepreneurship helps
to facilitate the flow of money to the market in which it makes it easier for the government to
monitor the status of the Philippine economy. A healthy economy means a better life for the
Filipino people. In turn, the local community becomes more productive and developed.