SlideShare a Scribd company logo

Lesson 5 Contemporary Economic Issues Affecting The Filipino Entrepreneur.pptx

Applied Economics

1 of 16
Download to read offline
Contemporary Economic
Issues Affecting The
Filipino Entrepreneur
Lesson 5
FR
Add a footer 2
What is an Entrepreneur?
An entrepreneur is an individual who creates a new business, bearing most
of the risks and enjoying most of the rewards. The process of setting up a
business is known as entrepreneurship. The entrepreneur is commonly seen
as an innovator, a source of new ideas, goods, services, and business/or
procedures.
Entrepreneurs play a key role in any economy, using the skills and
initiative necessary to anticipate needs and bringing good new ideas to
market.
FR
Add a footer 3
How Entrepreneurship Works?
Entrepreneurship is one of the resources economists categorize as
integral to production, the other three being land/natural resources, labor,
and capital. An entrepreneur combines the first three of these to
manufacture goods or provide services. They typically create a business
plan, hire labor, acquire resources and financing, and provide leadership
and management for the business.
Economists have never had a consistent definition of "entrepreneur" or
"entrepreneurship" (the word "entrepreneur" comes from the French
verb entreprendre, meaning "to undertake").
FR
Add a footer 4
Who are the Filipino
Entrepreneurs?
• Practicality and common sense. The most successful Filipino entrepreneurs are not
necessarily those who have the best education, or have an impressive academic
record. They are described as street smart.
• Passionate about business. When a Filipino entrepreneur decides on what business
he will establish, usually it will be related to something he or she is passionate
about. This passion drives him to learn everything possible about the products or
services he is offering to customers. The same passion also gives the Filipino
entrepreneur a strong commitment and involvement in hi/her enterprise.
• Confident and self-reliant. The Filipino entrepreneur is always hands-on and self-
reliant. When he is just starting out his business, he is practically able to do
everything involved in running it-from finding the best suppliers to renting the place
of business, to the marketing, selling and customer relations, and even accounting.
FR
Add a footer 5
Contemporary Economic Issues
Affecting The Filipino Entrepreneur
INVESTMENT AND INTEREST
RATE
RENTALS
MINIMUM WAGE
TAXES
FR
Add a footer 6
INVESTMENT AND INTEREST RATE
In putting up business, it is necessary to know the initial investment
of the entrepreneur so that he able to assess if he needs additional
investment. What is investment? It is defined as building up the
capital stock for more future production and consumption. When the
entrepreneur has no enough investment, he will resort to borrowings
or borrow from financial institutions like banks. The borrowings bear
interest rates. This is the amount of interest due per period, as a
proportion of the amount lent, deposited or borrowed.

Recommended

AE_L6_Contemporary Economic Issues_demo
AE_L6_Contemporary Economic Issues_demoAE_L6_Contemporary Economic Issues_demo
AE_L6_Contemporary Economic Issues_demoMarienor Solas
 
Lesson 2 - Economics as an Applied Science
Lesson 2 - Economics as an Applied ScienceLesson 2 - Economics as an Applied Science
Lesson 2 - Economics as an Applied ScienceHannah Enriquez
 
Lesson 3 Basic economic problems
Lesson 3 Basic economic problemsLesson 3 Basic economic problems
Lesson 3 Basic economic problemsHannah Enriquez
 
Introduction applied economics
Introduction applied economicsIntroduction applied economics
Introduction applied economicsRowena Alarcon
 
LESSON-3.1-PRINCIPLES-TOOLS-AND-TECHNIQUES.pptx
LESSON-3.1-PRINCIPLES-TOOLS-AND-TECHNIQUES.pptxLESSON-3.1-PRINCIPLES-TOOLS-AND-TECHNIQUES.pptx
LESSON-3.1-PRINCIPLES-TOOLS-AND-TECHNIQUES.pptxMaIsabel13
 
Industry and environmental analysis: business opportunity identification
Industry and environmental analysis: business opportunity identificationIndustry and environmental analysis: business opportunity identification
Industry and environmental analysis: business opportunity identificationdorotheemabasa
 
Introduction to the Philosophy of the Human Person - Introduction to Philosophy
Introduction to the Philosophy of the Human Person - Introduction to PhilosophyIntroduction to the Philosophy of the Human Person - Introduction to Philosophy
Introduction to the Philosophy of the Human Person - Introduction to PhilosophyJuan Miguel Palero
 

More Related Content

What's hot

Principles of Marketing for Grade 12 Students
Principles of Marketing for Grade 12 Students Principles of Marketing for Grade 12 Students
Principles of Marketing for Grade 12 Students Johemie Lopez Quinones
 
Entrepreneurship: Overview
Entrepreneurship: OverviewEntrepreneurship: Overview
Entrepreneurship: OverviewNenzkie Mojares
 
Tekstong Persweysiv o Nanghihikayat
Tekstong Persweysiv  o NanghihikayatTekstong Persweysiv  o Nanghihikayat
Tekstong Persweysiv o Nanghihikayatmaricel panganiban
 
Revisiting economics as a social science
Revisiting economics as a social scienceRevisiting economics as a social science
Revisiting economics as a social scienceHannah Enriquez
 
Media and Information Sources - Media and Information Literacy (MIL)
Media and Information Sources - Media and Information Literacy (MIL)Media and Information Sources - Media and Information Literacy (MIL)
Media and Information Sources - Media and Information Literacy (MIL)Mark Jhon Oxillo
 
PHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITY
PHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITYPHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITY
PHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITYAntonio Delgado
 
Applied economics module 2 final
Applied economics module 2 finalApplied economics module 2 final
Applied economics module 2 finalRonaldDeLaRama2
 
Module 1 - What is Entrepreneurship?
Module 1 - What is Entrepreneurship?Module 1 - What is Entrepreneurship?
Module 1 - What is Entrepreneurship?Omar de Silva
 
The clientele and audiences of counseling
The clientele and audiences of counselingThe clientele and audiences of counseling
The clientele and audiences of counselingangelpagalan38
 
The Human Person as an Embodied Spirit
The Human Person as an Embodied SpiritThe Human Person as an Embodied Spirit
The Human Person as an Embodied SpiritAllanBasuga
 
Lesson 1 importance of entrepreneurship
Lesson 1 importance of entrepreneurshipLesson 1 importance of entrepreneurship
Lesson 1 importance of entrepreneurshipJohemie Lopez Quinones
 
Contemporary Philippine Arts from the Regions
Contemporary Philippine Arts from the RegionsContemporary Philippine Arts from the Regions
Contemporary Philippine Arts from the RegionsNoel Banca
 
Applied economics introduction to economics abm specialized subject
Applied economics introduction to economics   abm specialized subjectApplied economics introduction to economics   abm specialized subject
Applied economics introduction to economics abm specialized subjectGian Paulo Rabanal, LPT
 
Examples of quantitative research titles
Examples of quantitative research titlesExamples of quantitative research titles
Examples of quantitative research titlesschool
 
Business math 2nd_quarter_week_1-2
Business math 2nd_quarter_week_1-2Business math 2nd_quarter_week_1-2
Business math 2nd_quarter_week_1-2Raffy Tutana
 

What's hot (20)

Principles of Marketing for Grade 12 Students
Principles of Marketing for Grade 12 Students Principles of Marketing for Grade 12 Students
Principles of Marketing for Grade 12 Students
 
Entrepreneurship: Overview
Entrepreneurship: OverviewEntrepreneurship: Overview
Entrepreneurship: Overview
 
Tekstong Persweysiv o Nanghihikayat
Tekstong Persweysiv  o NanghihikayatTekstong Persweysiv  o Nanghihikayat
Tekstong Persweysiv o Nanghihikayat
 
Type of industries
Type of industriesType of industries
Type of industries
 
Pagsulat ng bionote
Pagsulat ng bionotePagsulat ng bionote
Pagsulat ng bionote
 
Entrep2 pp
Entrep2 ppEntrep2 pp
Entrep2 pp
 
Revisiting economics as a social science
Revisiting economics as a social scienceRevisiting economics as a social science
Revisiting economics as a social science
 
Media and Information Sources - Media and Information Literacy (MIL)
Media and Information Sources - Media and Information Literacy (MIL)Media and Information Sources - Media and Information Literacy (MIL)
Media and Information Sources - Media and Information Literacy (MIL)
 
PHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITY
PHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITYPHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITY
PHILOSOPHY OF THE HUMAN PERSON - INTERSUBJECTIVITY
 
Applied economics module 2 final
Applied economics module 2 finalApplied economics module 2 final
Applied economics module 2 final
 
Module 1 - What is Entrepreneurship?
Module 1 - What is Entrepreneurship?Module 1 - What is Entrepreneurship?
Module 1 - What is Entrepreneurship?
 
The clientele and audiences of counseling
The clientele and audiences of counselingThe clientele and audiences of counseling
The clientele and audiences of counseling
 
SHS -Entrepreneurship
SHS -EntrepreneurshipSHS -Entrepreneurship
SHS -Entrepreneurship
 
The Human Person as an Embodied Spirit
The Human Person as an Embodied SpiritThe Human Person as an Embodied Spirit
The Human Person as an Embodied Spirit
 
Lesson 1 importance of entrepreneurship
Lesson 1 importance of entrepreneurshipLesson 1 importance of entrepreneurship
Lesson 1 importance of entrepreneurship
 
Lesson 1 Empowerment Technology
Lesson 1 Empowerment TechnologyLesson 1 Empowerment Technology
Lesson 1 Empowerment Technology
 
Contemporary Philippine Arts from the Regions
Contemporary Philippine Arts from the RegionsContemporary Philippine Arts from the Regions
Contemporary Philippine Arts from the Regions
 
Applied economics introduction to economics abm specialized subject
Applied economics introduction to economics   abm specialized subjectApplied economics introduction to economics   abm specialized subject
Applied economics introduction to economics abm specialized subject
 
Examples of quantitative research titles
Examples of quantitative research titlesExamples of quantitative research titles
Examples of quantitative research titles
 
Business math 2nd_quarter_week_1-2
Business math 2nd_quarter_week_1-2Business math 2nd_quarter_week_1-2
Business math 2nd_quarter_week_1-2
 

Similar to Lesson 5 Contemporary Economic Issues Affecting The Filipino Entrepreneur.pptx

Applied for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1
Applied  for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1Applied  for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1
Applied for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1Kristine Joyce Reyes-Politico
 
Guide "Make a French Start" : Available support and grants
Guide "Make a French Start" : Available support and grantsGuide "Make a French Start" : Available support and grants
Guide "Make a French Start" : Available support and grantsNicolas Ribollet
 
Setting Up a Business in the Philippines
Setting Up a Business in the PhilippinesSetting Up a Business in the Philippines
Setting Up a Business in the PhilippinesEastvantage
 
AE L6_Contemporary economic issues_demo_shorter
AE L6_Contemporary economic issues_demo_shorterAE L6_Contemporary economic issues_demo_shorter
AE L6_Contemporary economic issues_demo_shorterMarienor Solas
 
1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...
1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...
1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...Sabrina Baloi
 
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdfENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf302042
 
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdfENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdfVisitorNomad
 
Analysis Of Bobbi And The Strays
Analysis Of Bobbi And The StraysAnalysis Of Bobbi And The Strays
Analysis Of Bobbi And The StraysMelanie Erickson
 
An overview of employment laws for private sector
An overview of employment laws for private sectorAn overview of employment laws for private sector
An overview of employment laws for private sectorMichael Martinez
 
Impact Of Globalization On The Economy
Impact Of Globalization On The EconomyImpact Of Globalization On The Economy
Impact Of Globalization On The EconomyAntoinette Williams
 
Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...
Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...
Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...MariaDalangin
 
Taxation And Related Cases Essay
Taxation And Related Cases EssayTaxation And Related Cases Essay
Taxation And Related Cases EssayRachel Walters
 
Corporate Controllers Are Responsible For The Accounting
Corporate Controllers Are Responsible For The AccountingCorporate Controllers Are Responsible For The Accounting
Corporate Controllers Are Responsible For The AccountingAshley Davis
 
How to Start a Business in the Philippines
How to Start a Business in the PhilippinesHow to Start a Business in the Philippines
How to Start a Business in the PhilippinesPhilstar Portal
 
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDEThe OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDEJude Ocampo
 

Similar to Lesson 5 Contemporary Economic Issues Affecting The Filipino Entrepreneur.pptx (20)

Applied for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1
Applied  for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1Applied  for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1
Applied for SHSApplied Economics for SHS-GAS Students Week1 Lesson 1
 
Guide "Make a French Start" : Available support and grants
Guide "Make a French Start" : Available support and grantsGuide "Make a French Start" : Available support and grants
Guide "Make a French Start" : Available support and grants
 
Setting Up a Business in the Philippines
Setting Up a Business in the PhilippinesSetting Up a Business in the Philippines
Setting Up a Business in the Philippines
 
AE L6_Contemporary economic issues_demo_shorter
AE L6_Contemporary economic issues_demo_shorterAE L6_Contemporary economic issues_demo_shorter
AE L6_Contemporary economic issues_demo_shorter
 
990 Basics: Telling Your Story
990 Basics: Telling Your Story990 Basics: Telling Your Story
990 Basics: Telling Your Story
 
1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...
1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...
1 THE EFFECT OF TAXATION ON BUSINESS DECISION (A CASE STUDY OF AL-BABELLO TRA...
 
Mf0008 II
Mf0008 IIMf0008 II
Mf0008 II
 
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdfENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
 
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdfENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
ENTREP12_Q2_M8_COMPUTATION OF GROSS PROFITS.pdf
 
Analysis Of Bobbi And The Strays
Analysis Of Bobbi And The StraysAnalysis Of Bobbi And The Strays
Analysis Of Bobbi And The Strays
 
An overview of employment laws for private sector
An overview of employment laws for private sectorAn overview of employment laws for private sector
An overview of employment laws for private sector
 
Impact Of Globalization On The Economy
Impact Of Globalization On The EconomyImpact Of Globalization On The Economy
Impact Of Globalization On The Economy
 
Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...
Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...
Applied Economics Week 6 (CONTEMPORARY ECONOMIC ISSUES AFFECTING FILIPINO ENT...
 
Taxation And Related Cases Essay
Taxation And Related Cases EssayTaxation And Related Cases Essay
Taxation And Related Cases Essay
 
Drawing Up Your Own Business Plan
Drawing Up Your Own Business PlanDrawing Up Your Own Business Plan
Drawing Up Your Own Business Plan
 
Corporate Controllers Are Responsible For The Accounting
Corporate Controllers Are Responsible For The AccountingCorporate Controllers Are Responsible For The Accounting
Corporate Controllers Are Responsible For The Accounting
 
Persuasive Essay On Financial Aid In College
Persuasive Essay On Financial Aid In CollegePersuasive Essay On Financial Aid In College
Persuasive Essay On Financial Aid In College
 
How to Start a Business in the Philippines
How to Start a Business in the PhilippinesHow to Start a Business in the Philippines
How to Start a Business in the Philippines
 
15004719.ppt
15004719.ppt15004719.ppt
15004719.ppt
 
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDEThe OS Law 2016 PHILIPPINE INVESTMENT GUIDE
The OS Law 2016 PHILIPPINE INVESTMENT GUIDE
 

Recently uploaded

EVALUATION POWERPOINT - STRANGER THINGS.pptx
EVALUATION POWERPOINT - STRANGER THINGS.pptxEVALUATION POWERPOINT - STRANGER THINGS.pptx
EVALUATION POWERPOINT - STRANGER THINGS.pptxiammrhaywood
 
Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...
Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...
Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...SUMIT TIWARI
 
Peninsula Channel Commanders Rules Handbook
Peninsula Channel Commanders Rules HandbookPeninsula Channel Commanders Rules Handbook
Peninsula Channel Commanders Rules Handbookpccwebmasterhmb
 
SSC Hindu Religion and Moral Education MCQ Solutions 2024.pdf
SSC Hindu Religion and Moral Education MCQ Solutions 2024.pdfSSC Hindu Religion and Moral Education MCQ Solutions 2024.pdf
SSC Hindu Religion and Moral Education MCQ Solutions 2024.pdfMohonDas
 
2024-02-24_Session 1 - PMLE_UPDATED.pptx
2024-02-24_Session 1 - PMLE_UPDATED.pptx2024-02-24_Session 1 - PMLE_UPDATED.pptx
2024-02-24_Session 1 - PMLE_UPDATED.pptxgdgsurrey
 
Dr.M.Florence Dayana-Cloud Computing-unit - 4.pdf
Dr.M.Florence Dayana-Cloud Computing-unit - 4.pdfDr.M.Florence Dayana-Cloud Computing-unit - 4.pdf
Dr.M.Florence Dayana-Cloud Computing-unit - 4.pdfDr.Florence Dayana
 
Organic Synthesis and Estimation of Functional Groups
Organic Synthesis and Estimation of Functional GroupsOrganic Synthesis and Estimation of Functional Groups
Organic Synthesis and Estimation of Functional GroupsDr.M.Geethavani
 
Learner Digital Skills Toolkit DRAFT.docx
Learner Digital Skills Toolkit DRAFT.docxLearner Digital Skills Toolkit DRAFT.docx
Learner Digital Skills Toolkit DRAFT.docxGeorgeMilliken2
 
How To Create Record Rules in the Odoo 17
How To Create Record Rules in the Odoo 17How To Create Record Rules in the Odoo 17
How To Create Record Rules in the Odoo 17Celine George
 
Andreas Schleicher_ Strengthening Upper Secondary Education in Lithuania
Andreas Schleicher_ Strengthening Upper Secondary  Education in LithuaniaAndreas Schleicher_ Strengthening Upper Secondary  Education in Lithuania
Andreas Schleicher_ Strengthening Upper Secondary Education in LithuaniaEduSkills OECD
 
Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...
Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...
Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...AKSHAYMAGAR17
 
A Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdf
A Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdfA Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdf
A Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdfOH TEIK BIN
 
Successful projects and failed programmes – the cost of not designing the who...
Successful projects and failed programmes – the cost of not designing the who...Successful projects and failed programmes – the cost of not designing the who...
Successful projects and failed programmes – the cost of not designing the who...Association for Project Management
 
Decision on Curriculum Change Path: Towards Standards-Based Curriculum in Ghana
Decision on Curriculum Change Path: Towards Standards-Based Curriculum in GhanaDecision on Curriculum Change Path: Towards Standards-Based Curriculum in Ghana
Decision on Curriculum Change Path: Towards Standards-Based Curriculum in GhanaPrince Armah, PhD
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxdeputymitchell2
 
Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...
Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...
Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...EduSkills OECD
 
BIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptx
BIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptxBIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptx
BIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptxRAVEESHAD
 
天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx
天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx
天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptxMasami YASUDA
 

Recently uploaded (20)

EVALUATION POWERPOINT - STRANGER THINGS.pptx
EVALUATION POWERPOINT - STRANGER THINGS.pptxEVALUATION POWERPOINT - STRANGER THINGS.pptx
EVALUATION POWERPOINT - STRANGER THINGS.pptx
 
Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...
Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...
Bilingual notes of Pharmacognosy chapter 4Glycosides, Volatile oils,Tannins,R...
 
Peninsula Channel Commanders Rules Handbook
Peninsula Channel Commanders Rules HandbookPeninsula Channel Commanders Rules Handbook
Peninsula Channel Commanders Rules Handbook
 
SSC Hindu Religion and Moral Education MCQ Solutions 2024.pdf
SSC Hindu Religion and Moral Education MCQ Solutions 2024.pdfSSC Hindu Religion and Moral Education MCQ Solutions 2024.pdf
SSC Hindu Religion and Moral Education MCQ Solutions 2024.pdf
 
2024-02-24_Session 1 - PMLE_UPDATED.pptx
2024-02-24_Session 1 - PMLE_UPDATED.pptx2024-02-24_Session 1 - PMLE_UPDATED.pptx
2024-02-24_Session 1 - PMLE_UPDATED.pptx
 
Dr.M.Florence Dayana-Cloud Computing-unit - 4.pdf
Dr.M.Florence Dayana-Cloud Computing-unit - 4.pdfDr.M.Florence Dayana-Cloud Computing-unit - 4.pdf
Dr.M.Florence Dayana-Cloud Computing-unit - 4.pdf
 
Organic Synthesis and Estimation of Functional Groups
Organic Synthesis and Estimation of Functional GroupsOrganic Synthesis and Estimation of Functional Groups
Organic Synthesis and Estimation of Functional Groups
 
CLUBE PERLINGUAS .
CLUBE PERLINGUAS                        .CLUBE PERLINGUAS                        .
CLUBE PERLINGUAS .
 
Learner Digital Skills Toolkit DRAFT.docx
Learner Digital Skills Toolkit DRAFT.docxLearner Digital Skills Toolkit DRAFT.docx
Learner Digital Skills Toolkit DRAFT.docx
 
How To Create Record Rules in the Odoo 17
How To Create Record Rules in the Odoo 17How To Create Record Rules in the Odoo 17
How To Create Record Rules in the Odoo 17
 
Andreas Schleicher_ Strengthening Upper Secondary Education in Lithuania
Andreas Schleicher_ Strengthening Upper Secondary  Education in LithuaniaAndreas Schleicher_ Strengthening Upper Secondary  Education in Lithuania
Andreas Schleicher_ Strengthening Upper Secondary Education in Lithuania
 
Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...
Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...
Genetics, Heredity, Variation, history, its roles, Scope, Importance, and Bra...
 
A Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdf
A Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdfA Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdf
A Free eBook ~ Mental Exercise ...Puzzles to Analyze.pdf
 
Successful projects and failed programmes – the cost of not designing the who...
Successful projects and failed programmes – the cost of not designing the who...Successful projects and failed programmes – the cost of not designing the who...
Successful projects and failed programmes – the cost of not designing the who...
 
Decision on Curriculum Change Path: Towards Standards-Based Curriculum in Ghana
Decision on Curriculum Change Path: Towards Standards-Based Curriculum in GhanaDecision on Curriculum Change Path: Towards Standards-Based Curriculum in Ghana
Decision on Curriculum Change Path: Towards Standards-Based Curriculum in Ghana
 
The basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptxThe basics of sentences session 6pptx.pptx
The basics of sentences session 6pptx.pptx
 
Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...
Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...
Managing Choice, Coherence and Specialisation in Upper Secondary Education - ...
 
BIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptx
BIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptxBIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptx
BIOCHEMICAL PROPERTIES OF WATER .Raveesh.pptx
 
天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx
天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx
天橋立 観光メモ 2024-30-302-2-Amanohashidate Sightseeing Memo.pptx
 
Risk in the changing world – Opportunity or threat
Risk in the changing world – Opportunity or threatRisk in the changing world – Opportunity or threat
Risk in the changing world – Opportunity or threat
 

Lesson 5 Contemporary Economic Issues Affecting The Filipino Entrepreneur.pptx

  • 1. Contemporary Economic Issues Affecting The Filipino Entrepreneur Lesson 5
  • 2. FR Add a footer 2 What is an Entrepreneur? An entrepreneur is an individual who creates a new business, bearing most of the risks and enjoying most of the rewards. The process of setting up a business is known as entrepreneurship. The entrepreneur is commonly seen as an innovator, a source of new ideas, goods, services, and business/or procedures. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market.
  • 3. FR Add a footer 3 How Entrepreneurship Works? Entrepreneurship is one of the resources economists categorize as integral to production, the other three being land/natural resources, labor, and capital. An entrepreneur combines the first three of these to manufacture goods or provide services. They typically create a business plan, hire labor, acquire resources and financing, and provide leadership and management for the business. Economists have never had a consistent definition of "entrepreneur" or "entrepreneurship" (the word "entrepreneur" comes from the French verb entreprendre, meaning "to undertake").
  • 4. FR Add a footer 4 Who are the Filipino Entrepreneurs? • Practicality and common sense. The most successful Filipino entrepreneurs are not necessarily those who have the best education, or have an impressive academic record. They are described as street smart. • Passionate about business. When a Filipino entrepreneur decides on what business he will establish, usually it will be related to something he or she is passionate about. This passion drives him to learn everything possible about the products or services he is offering to customers. The same passion also gives the Filipino entrepreneur a strong commitment and involvement in hi/her enterprise. • Confident and self-reliant. The Filipino entrepreneur is always hands-on and self- reliant. When he is just starting out his business, he is practically able to do everything involved in running it-from finding the best suppliers to renting the place of business, to the marketing, selling and customer relations, and even accounting.
  • 5. FR Add a footer 5 Contemporary Economic Issues Affecting The Filipino Entrepreneur INVESTMENT AND INTEREST RATE RENTALS MINIMUM WAGE TAXES
  • 6. FR Add a footer 6 INVESTMENT AND INTEREST RATE In putting up business, it is necessary to know the initial investment of the entrepreneur so that he able to assess if he needs additional investment. What is investment? It is defined as building up the capital stock for more future production and consumption. When the entrepreneur has no enough investment, he will resort to borrowings or borrow from financial institutions like banks. The borrowings bear interest rates. This is the amount of interest due per period, as a proportion of the amount lent, deposited or borrowed.
  • 7. FR Add a footer 7 INTEREST RATE – interest rates play a key role in increasing capital stock, which in turn affect investments. – there is a negative or inverse relationship between investment and interest rate.  the higher the interest rate, the lower the quantity of investments; the lower the interest rate, the higher the quantity of investments Effects to entrepreneur: Low interest rate attracts more entrepreneurs to invest, while high interest rates lessen the opportunity of the entrepreneurs to start their business in the country.
  • 8. FR Add a footer 8 RENTALS As an investor, what will you do if you don’t own land or space to be used for your business? The answer is rent or lease a land or space. But, how does rental affect your business operations? Rent – It is typically refers to the use of property for a certain amount – It is the price paid for the use of land and other natural resources or factors of production that is in fixed supply. – Rent has been traditionally associated with land, which is a fixed factor of production.
  • 9. FR Add a footer 9 RENTALS Effects to entrepreneur: In Income Statement, rental fee is in expense account which means the bigger the place/space, the higher the cost. Also consider the location; it is more costly to rent in urban areas than in rural areas. For example, the rental fee of 100 square meter of land in Pasig City is P50,000.00 per month, but in Pampanga with the same area is only P25,000 per month. So, the size and location matters when planning to rent.
  • 10. FR Add a footer 10 MINIMUM WAGE Definitions of Wages “A wage may be defined as the sum of money paid under contract by an employer to worker for services rendered.” -Benham “Wages is the payment to labour for its assistance to production.” -A.H. Hansen ‘Wage rate is the price paid for the use of labour.” -Mc Connell
  • 11. FR Add a footer 11 MINIMUM WAGE What is minimum wage and how it is determined? It refers to the lowest wage permitted by law below which if paid by employer will subject him to penalty from the government. In the Philippines, the Department of Labor and Employment (DOLE)issued wage order for minimum wage earners effective January 1. 2020.But how was minimum wage determined? Minimum wage rates are determined by factors such as poverty threshold, prevailing wage rates as determined by the Labor Force Survey, and socio-economic indicators (i.e. inflation, employment figures, Gross Regional Domestic Product, among others), which insure better workers protection.
  • 12. FR Add a footer 12 MINIMUM WAGE The National Wages and Productivity Board (NWPC) Wage Order NO. RBIII-22, the prevailing minimum wage for non-agricultural establishments employing 10 or more workers in the region 3 except Aurora shall pay their employees at P420.00 per day, while in the Province of Aurora, workers in the non-agricultural sector will receive minimum salary of P413.00 daily. Effects to entrepreneur: Over and above minimum wage is the voluntary productivity-based pay, which encourages workers and enterprises to become more competitive and productive by rewarding employees supplementary pay based on the quality of their performance.
  • 13. FR Add a footer 13 TAXES Tax is the lifeblood of the economy. It fuels the social services provided by the government to its citizen. But how does tax affect the entrepreneur? – Without taxes, the government will not be able to provide services to its people, such as public works, health, education, defense and police protection, and social services. Taxation is the act of levying tax so that the sovereign, through its law-making body, can raise income to defray the necessary expenses of the government. – It is an inherent power of the state to demand enforced contributions from the people for public purposes .
  • 14. FR Add a footer 14 TAXES Effects to entrepreneur: High taxes tend to lessen investment because this is considered an additional cost on the part of the entrepreneur. Low taxes mean fewer government projects such as school buildings, roads, bridges and providing social services to people. How can entrepreneurs gain from tax? Government gives considerations to new entrepreneurs with tax holiday up to 6 years and vat exemption for purchase of supplies of the firm that is going to export 100% of its product.
  • 16. FR Sources Module 5 Contemporary Economic Issues Facing the Filipino Entrepreneurs by: Sherry Amour Boado Book Tittle: Applied Economics Diwa Publishing Investipedia: What is Entrepreneurship? Contemporary Economic Issues Facing the Filipino Entrepreneur Scribbed Uploaded by: Juvell Cudal Wages: Definition, Types and Other Details by: Manoj Kumar https://www.economicsdiscussion.net/wages/wages-definition-types-and-other-details Applied Economics Quarter 1 – Module 6: Effects of Contemporary Economic Issues Affecting the Filipino Entrepreneur DEPED MODULES and Commons 16