Economic Development
Entrepreneurs play a very important role in economic development. They are the ones who create goods and services and jobs. Considering our poor economy, there is clearly a great need for more and more entrepreneurs in our there is clearlt a great need for more and more entrepreneurs in our country. Prices of goods are high because their supply is scarce. Jobs are few because economic activities are also few. In Japan and other industrial countries, they experience labor shortages due to so much activities in agriculture, trade and industry. They use machines and import labor from poor countries with labor surpluses.
With proper and adequate assitance programs government can develop a larger entrepreneurial economy. Priorities should be focused on micro and small enterprises. Such mass and community based projects utilize local labor, material, management and technology. Hence the poor masses are benefitted.