The Economic Impact, Contribution, and Challenges of Micro Business Enterprises to the Local Development

Abstract

Micro Business Enterprises (MBEs) is the lifeblood for economic development. Using a descriptive quantitative research design, the study aimed to investigate the impact of MBEs to economic development.  As to impact, in general, it was of a moderate extent. Among the indicators, technology has the highest mean interpreted to a high extent, while infrastructure development scored the lowest mean score, which reflected a moderate degree. The study further delved into the economic contribution and challenges encountered by MBEs. The findings basically implied that MBEs were rooted in the entrepreneur's commitment to do business that promotes progress and development to the local economy.