Describe the role of entrepreneurs in an economy.
Answer (1)
Entrepreneurs are important because they create businesses, provide jobs, and bring new ideas. In the Philippines, think of people who started small businesses during the pandemic—like selling homemade food online. These entrepreneurs used their skills, took risks, and found ways to earn even when jobs were hard to find. They also helped others by hiring workers or buying from local suppliers. Entrepreneurs help grow the economy by increasing production and giving consumers more choices.
