role of small scale business in developing countries has long been recognized (Kayanula and Quartey‚ 2000). These small scale businesses can serve as engines through which the economic growth and employment objectives of developing countries can be achieved. However‚ for many years these rural enterprises have failed to grow beyond their micro enterprise nature and sometimes at best their small or medium size (Kayanula and Quartey‚ 2000). It is believed that private small scale businesses have significant
Premium Business Poverty Small business
The Impact of Small Scale Business on the Nigerian Economy Small Scale Businesses contribute immensely to the growth and development of the Nigerian economy. Some of these impacts are felt in the following areas: Increase in the nation’s Gross domestic product and Gross national product 1. Increase in Gross Domestic Product and Gross National Product The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular
Premium Small business Economics Gross domestic product
1.Introduction Small Scale Enterprises (SSEs) have played and continue to play significant roles in the growth‚ development and industrialisation of many economies the world over. In Nigeria‚ the SSEs have performed below expectation due to a combination of problems. This situation has been of great concern to the government‚ citizenry‚ practitioners‚ operators and the organised private sector groups. Small businesses are generally regarded as the driving force of economic growth‚ job creation
Premium Small business
pretty surprising that the small businesses are treated differently than large firms. Initially I thought that both were scrutinized under the same laws but after reviewing the U.S. Equal Employment Opportunity Commission website as well at the U.S Small Business Administration site there are definitive acts that are different. Some of the areas that seem to be different are the workplace safety‚ corporate governance‚ business organization and health insurance. The small business Administration has
Premium Business Management Employment
credit for farm and nonfarm activities was scarce. People in rural areas resorted all manner of sources or means for credit to assist them in their respective business (Nair & Fissha‚ 2010). As it was noted in the study of Andah & Steel (2003) many small farmers and fishermen did not have deposit accounts in commercial banks‚ and the collateral they had available was not satisfactory for commercial lending which posed a great deal of challenge to them in securing credits. The rural folks who were mainly
Premium Bank
phenomena that is emerging rapidly between businesses all over the world‚ and it has affected the businesses at all sizes in many aspects. This research is looking at the small businesses‚ and its importance in the market and economy‚ EC and its benefits and limitation‚ and what impact has electronic commerce had on the businesses. Small Business: Definition: A small business may is a business with a small number of employees. The definition of "small business" often different by country and industry
Premium Small business Business
in trade barriers and advances in information and transportation technologies. As a result‚ small firms can now participate in international trade right from inception. Another facet of globalization is globalization of production. Companies can locate production facilities in countries where labor and other production inputs are cheaper. The end result is that globalization presents new threats for small companies in Africa in the form of increased competition from foreign entrants. Locally manufactured
Premium Africa
February 2012 Development of Small and Medium Scale Enterprises: The role of Government and other Financial Institutions By: Emmanuel O. Oni Ph.D & Daniya A. A. Department of Entrepreneurship and Business Technology‚ Federal University of Technology‚ Minna ABSTRACT Small and Medium Scale Enterprises constitute essential ingredients in the lubrication and development of any economy. In Nigeria‚ the story makes no remarkable difference as Small and Medium Scale Enterprises dominate the economy
Premium Small business Nigeria Bank
SMALL SCALE INDUSTRY INTRODUCTION The definition for small-scale industrial undertakings has changed over time. Initially they were classified into two categories- those using power with less than 50 employees and those not using power with the employee strength being more than 50 but less than 100. However the capital resources invested on plant and machinery buildings have been the primary criteria to differentiate the small-scale industries from the large and medium scale industries. An
Premium Industry Venture capital Finance
University of East London Royal Docks Business School HR 3010 Research in Business and Management Assignment Two Semester A 2013/ 2014 SMALL- SCALE RESEARCH What factors are important to UEL undergraduates to help them to learn effectively on their courses? Prepared by: Zeon Cheong Sze Keat U1329 578 Table of Contents 1. Introduction The ultimate goal of this research paper was to identify the factors to UEL undergraduates to help them learn effectively
Premium Research Educational psychology Kinesthetic learning