Application:
Name: ___Johnsen Mike Argonza_________________________________ Date: 06-25-21___________
Year/Section: BSINDT 3A/C____________________________ Score/Grade: ______________
Direction:
Read the article “The Importance of Entrepreneurship”. Write down your
explanation for each question in the space provided below.
The Importance of Entrepreneurship
Entrepreneurism has been found to be a vital part of the economy. In a Kauffman Foundation study,
ten countries were analysed to measure the activity of entrepreneurs and the effect they were having
on the economy. These studies consisted of in-depth interviews with over 300 experts in each
country and surveys 0f 1,000 adults in each country. Countries ranking high in entrepreneurial activity
had higher growth rates than countries with lower entrepreneurial activity. One-third of this difference
could be traced directly back to entrepreneurs.
The most important reason why entrepreneurs help the economy is due to the creation of new jobs.
It has been estimated that entrepreneurs have created 34 million new jobs since 1980. Also, 70
percent of new start-ups were found to already employ at least one person, and 80 percent planned
to hire within the next year. This data provides significant evidence that entrepreneurism leads to
new jobs.
Another way that entrepreneurs help the economy is by innovation, research, and development.
According to one study, two-thirds of all invention come from entrepreneurs. New inventions can
improve the economy because they can provide better ways of doing tasks, and can also lead to
new business.
Entrepreneurism also helps the economy by creating wealth for many individuals seeking business
opportunities. Although this is not the number one reason individuals pursue entrepreneurial
activities, it plays a major role in our economy. Both a new business and the wealth the owner can
obtain will help boost the economy by providing new products as well as the spending power created
for the entrepreneur.
http://www.yeabiz.com
1. According to this article, what are some of the ways entrepreneurship promotes a
nation’s economic health?
Entrepreneurs boost economic growth by introducing innovative technologies
,_____________________________________________________________________
products, and services.__________________________________________________________
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2. What evidence does the writer of this article give to prove entrepreneurs make a
positive contribution to a nation’s economy?
_Their great contributions are they motivate us to look forward each_______________
in everyday with a
smile and hope of good tomorrow. a lot of us normal people tend
_____________________________________________________________________to look down our self,
seing a pwd striving everyday to get on with their lives will motivate us to work harder and
get inspire because we are more lucky enough to be normal and have a more successful life ahead.
_____________________________________________________________________
as an individual i was inspire by a lot of pwd who work hard each day to survive their day and i can
_________________________________________________________
see those beggar who can do more than what the pwd can but those beggar tend to rely on others
__________________________________________________________________
for what they eat and for their tomorrow. why not be motivated by these people that despite of
incompleteness they can still smile and achieve success_____________________________________
4 sentences.
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3. The reading above does not have a conclusion. Provide one by writing a paragraph of
at least 3
____________
To be successful in sustainable business practices often requires entrepreneurship and innovation.
This chapter provides an overview of entrepreneurship and innovation as it relates to sustainable
business. The discussion is_________________________________________________________
most relevant to sustainable businesses focused on offering new products and services
in response to societal concerns._____________________________________________________________________
__________________________________________________________________
____________________________________________________________________
Assessment:
Name: ______________________________________________________ Date: ____________
Year/Section: ________________________________________ Score/Grade: ______________
Direction:
Explain your answers to the following questions.
3. Is entrepreneurship an important component of economic
development?
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2. In what ways are entrepreneurs useful to suppliers?
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1. What is the reward accorded to the successful entrepreneur? What
happens if he is not successful?
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