Steps in starting a Business

Question 1

Steps in Starting Business

Answer 1

1Registration
2Permits and Licenses
3BIR
4Registration Requirements
5Start the business

Question 2

The process by which a nation improves the
economic, political, and social well-being of its
people.

Efforts that seek to improve the economic well-
being and quality of life for a community by

creating and or retaining jobs and supporting or
growing incomes and the tax base.

Answer 2

ECONOMIC DEVELOPMENT

Question 3

Phases of Economic Development

Answer 3

MALTHUSIAN

GOVERNMENT LED

A LA KUZNETS

HUMAN BASED CAPITAL

POST DEMOGRAPHIC TRANSITION

Question 4

Economic growth depends on the rate of
population a certain area

Answer 4

Malthusian

Question 5

An approach towards economic development
that allows and encourages local people to
work together to achieve sustainable
economic growth

Answer 5

Government Led

Question 6

An economy that develops’ market forces
first increase the decrease the overall
economic inequality of the society

Answer 6

A LA KUZNETS

Question 7

Refers to the knowledge, skills sets and
motivation that people have, which provide
economic value

Answer 7

HUMAN CAPITAL BASED

Question 8

It is the transition from a high birth
and death rate to a lower birth and
death rate as the country develops a
pre-industrial to an industrialized
economic system.

Answer 8

POST DEMOGRAPHIC TRANSITION