Test and Apply your knowledge:
1. What are the contributions of entrepreneurship?
2. Define Entrepreneurship
3. Enumerates and explain the different development and growth
theories.
4. How can economic nationalism help our economy?
5. Why do you think we have less developed economy?
6. Briefly state the economic development during the Pre-Spanish
time.
7. Explain one form of economic exploitation by our colonial
masters.
Share
Answer:
1.New and improved products, services, or technology from entrepreneurs
2.An entrepreneur is an individual who creates a new business, bearing most
3.Linear growth theory. Structural change theory. Dependency theory. New-Classical theory.
4.Economic nationalism tends to emphasize industrialization (and often aids industries with state support), due to beliefs that industry has positive spillover effects on the rest of the economy, enhances the self-sufficiency and political autonomy of the country, and is a crucial aspect in building military power.
5.Less-developed countries (LDC) are underdeveloped countries that face significant structural challenges to sustainable development.
6.During the Spanish colonial period, the economy was based on exploitation, both of land and of Native American labor.
7.One of the most important lessons of History is that it should never be forgotten. While ancient books and literature have been the cornerstone to remembrance, they are not as real as a photograph
Answer:
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