Effectiveness of Microenterprise Law to Registered Microenterprises: Quantitative Assessment in The Philippines
Vergel Manipol
Abstract:
Microenterprises as seabeds of a promising business tycoon, like how the
world of entrepreneurship should be seen - call a lot of attention and cultivation. In 2002, the Philippine government passed a law granting incentives and benefits to registered microenterprises. However, since then,
no thorough evaluation has been done to create a precise quantification
and result. The study's purpose is to determine the effectiveness of Barangay Micro-business Enterprise Law on microenterprises and to use it
as a global reference concerning the effectiveness of similar government
law as practiced by the rest of the world. Descriptive-correlational
method of research utilizing quantitative data was used that led to the
conclusion that BMBE Law was generally effective to microenterprises
with a weighted mean of 4.1769; this means that the law has been effective and useful to the beneficiaries making its two incentives (out of 5)
very effective.
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