CAVITY 2. True or False: Write True if the statement is correct and False if otherwise. 1.Entrepreneurship is a very important component of a capitalist economy like the Philippines. 2 Economic development is aimed to improve the living standards of the nation's citizens. 3. The effective and efficient utilization of the various resource elements contribute to the economic growth. 4. Entrepreneurship flourishes in communities where resources are mobile. 54 Entrepreneurship is greater in communities that see change as positive rather than negative. 6. Enterprises and communities need each other to survive. 7. Entrepreneurship helps provide products and necessitles that sustain life. 8. Entrepreneurs must be more adaptive than their competitions, 9: Entrepreneurs must be more focused in building thelr nlche markets. 10. For unskilled individual business is a risky understanding.
