Select Currency
Translate this page

THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY

Format: MS WORD  |  Chapter: 1-5  |  Pages: 74  |  828 Users found this project useful  |  Price NGN3,000

  DOWNLOAD THE FULL PROJECT

THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY

 

CHAPTER ONE

INTRODUCTION

1.1  BACKGROUND TO THE STUDY

Small and Medium Scale Enterprises (SMEs) have been acknowledged the world over as the driver of economic development and growth.  This is because these enterprises have great potential for employment generation, economic empowerment, poverty alleviation, improvement of standard of living, substantial local capital formation, achievement of high levels of productivity and capacity, means of achieving equitable and sustainable industrial diversification and dispersal, appreciable contribution to gross domestic product, increase harnessing of local raw materials and technological and export diversification.  (Ekpo, 2000; Essien, 2006; Butt,  Hunjra and Rehman, 2010; Akpakpan, 2012).  Not only do they provide employment and income for the bulk of the population, they have been recognized as critical breeding and nurturing ground for domestic entrepreneurial capacities, technical skills, technological innovativeness and managerial competencies for private sector development. (Derinola, 2008; Ojo, 2010; Olorunshola; 2014).

According to Onuoha, (2014), Etim, (2010); Kishore (2010), SMEs form the great majority of businesses in almost all countries in the world and hold the promise for the development and transformation of our economic in terms of domestic capital formation and industrialization. The roles of SMEs in economic growth and development of both the developed and developing economies have therefore attracted considerable interest globally (Ariyo, 1990; Kozak, 2007; Ojeka and Mukoro, 201 1). In many developed countries, more than ninety-eight percent of all enterprises belong to the SMEs sector (Uwonda et al, 2013); eighty percent  of the total industrial labour force in Japan, fifty percent in Germany and forty six percent in USA are employed in smaller firms (Udechukwu, 2014). In the USA, SMEs employed about 25 million people in 2004, and contributes nearly thirty nine percent to the national income (Whah, 2006). In Europe, almost eighty five percent of new jobs from 2002 to 2010 were created by micro, small and medium enterprises MSMEs) (Uwonda et al 2013). In Indonesia, India and Thailand, SMEs contribute almost 40 percent of Gross Domestic product and account for major share of industrial production and export (Kozak, 2007; Ishore, 2010).

Generally, therefore, SME’s are the pivot for achieving economic development of any nation. This is because, they create employment opportunities for teeming youths and self reliance for owner managers, contribute to gross domestic product (GDP) through their outputs (production of goods and services), development and inculcating entrepreneurial spirit, as well as better living standard of the populace through poverty alleviation. According to Ndiyo (2008), for development to be sustainable, certain conditions must be met. These include continuous capacity of the various development institutions to bring about growth both in the economic, social and political sectors; a continuous quantitative rise in Gross Domestic Product (GDP); a continuous structural transformation of the economy, political capacity to implement development programmes; high rates of social and ideological transformation and radical changes in institutional, social, administrative, and economic structures to be able to cope with new competition. SMEs are therefore, the engine and lubricant for achieving sustainable economic development. Economic development is the sustained concerted actions of policy makers and communities that promote the standard of living. That is, policy aimed at economic and social well-being of people. The process whereby a country’s real per capital gross national product of income increases over a sustained period of time through continuing increases in per capital productivity. SMEs play a vital role in this regard.

The role of SMEs in the developing economies has also assumed a major significance in recent years. Studies have indicated that developing countries including Nigeria, show increased interest in the promotion of SMEs due to three main reasons: the failure of past industrial policies to generate efficient self- sustaining growth; increased emphasis on self-

  DOWNLOAD THE FULL PROJECT

THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 814 010 7220

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 814 010 7220 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Ibrahim Muhammad Muhammad
Usmanu danfodiyo university, sokoto
It's a site that give researcher student's to gain access work,easier,affordable and understandable. I appreciate the iproject master teams for making my project work fast and available .I will surely,recommend this site to my friends.thanks a lot..!
Excellent
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
Peace From Unilag
I cried not knowing how to go about my project but the day i searched online and saw iprojectmaster, i called and got my full project in less than 15minutes, i was shocked!
Excellent
Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for THE ROLE OF SMALL AND MEDIUM SCALE ENTERPRISES (SMES) IN AN ECONOMY, What do i do?

Chat with Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 814 010 7220 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 814 010 7220

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!