Glossary of Terms

is a private sector approach to providing goods, services, and livelihoods on a commercially viable basis, either at scale or scalable, to people at the base of the pyramid by making them part of the value chain of companies’ core business as suppliers, distributors, retailers, or customers.
Source: World Bank

economic growth that not only focuses on attaining the highest value possible but also ensures that it has a positive impact on the most vulnerable aspects of society (i.e. the poor, the unemployed, etc.).
Source: UNDP

refer to entrepreneurial business activities of whatever scale that takes place in or by the learning institutions managed by the students and supervised by technical instructors with revolving capital provided by the institution established for the purpose of providing the students the opportunity of learning business acumen and to generate income for the improvement of the institutions.
Source: TESDA Circular No. 090 s. 2018

a mark that may be assigned at the discretion of the instructor/training facilitator who believes that an extension of time is warranted for a student/learner whose work is incomplete at the end of the semester
Source: TESDA Circular No. 021, s. 2023

refers to the data correction request with missing or lacking of the required document(s).
Source: TESDA Circular No. 056 s. 2021

refers to the condition wherein a trainer has no or insufficient industry work experience prescribed in the Training Regulation.
Source: TESDA Circular No. 071 s. 2019 the period of time provided for a competency assessor to comply with the industry work experience required. (IWER).
Source: TESDA Circular No. 075 s., 2020

refers to an entity engaged by TESDA to perform work or services through a contracting arrangement, without any employee-employer relationship. This includes contracts of service and job order personnel of TESDA duly licensed and/or recognized by the appropriate government agency.
Source: TESDA Circular No. 023 s. 2021

a group of people or homogenous societies identified by self-ascription and ascription by others, who have continuously lived as an organized community on communally bounded and defined territory, and who have, under claims of ownership since time immemorial, occupied, possessed customs, tradition and other distinctive cultural traits, or who have, through resistance to political, social, and cultural inroads of colonization, non-indigenous religions, and culture, become historically differentiated from the majority of Filipinos.  (PSA)
Source: PSA

contains the individual assessment of the applicant based on the assessment criteria in terms of performance, education, training, experience, management competence (for executive, managerial and supervisory positions only) demonstrated competence and work commitment, potential, interview and written examination.
Source: TESDA Circular No. 119, s. 2019

set of all production units engaged primarily in the same or similar kinds of productive economic activities.
Source: PSA