work shows the role of small scale business in economic development in view of
its important and objective for the economy of
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1 Background to the Study
1.2 Statement of the Problem
1.3 Research questions
1.5 Purpose of the study
1.6 Scope of the Study
1.7 Significance of the Study
1.9 Operational Definition of Terms
CHAPTER TWO: LITERATURE REVIEW
2.1 Introduction to the Study
2.2 Current Literature Review
2.3 Relevant Theories of the Research
2.4 Summary of the Chapter
CHAPTER THREE: RESEARCH METHOD
3.1 Research Design
3.2 Population of the Study
3.4 Design Synthesis
3.6 Method of Collections/ Analysis
4.1 Presentation of Data
4.2 Analysis of Data
1.1 BACKGROUND TO THE STUDY
The important of small scale business
cannot be over emphasized. There is no doubt among intellectuals, policy
analysis and student about the economic development of Nations, especially to
less developed countries (LCD) like
Some authorities have also agreed that small scale business contributed about 40% of the domestic production (GDP)
Small scale businesses are also known to be a major tool for rural Industrialization and equitable distribution of income.
1.2 STATEMENT OF THE PROBLEM
Several students have identified
Financial Constraint as the major obstacle to small scale business development
in developing economic including
The primary focus of this study emanates from the facts that small scale businesses do not have sufficient, finance to carry on their dues to the low saving culture of the people in this part of the world. The reason for this is not for fetch low level of income basically while it is an establishment facts that small scale business facts financial challenges, no research has been conducted to investigate the effect the financial problem on their contribution to economic development.
et al (2005) and many other Authors and Research have deducted that the
financial challenges mar the development role of small scale business. But this
may not be true especially in the case f
1.3 RESEARCH QUESTIONS
The study would like to examine the following questions.
is the trend of financial support given to SME (Small, Medium Enterprises) in
impact do small and medium scale enterprises make to
contribution has the financial system made to the growth of SME in
could the growth of small scale business be enhanced in
1.4 RESEARCH HYPOTHESIS
That there is no relationship between
gross domestic product and the operations of small scale enterprises in
HYPOTHESIS II HO:
That there is not relationship
between the loans granted to small scale enterprises and the interest rate n
1.5 SCOPE OF THE STUDY
This research work cover the general
role of small scale business in economic development, but this study is mainly
focused on the role of small scale business in
1.6 PURPOSE OF THE STUDY
The aim of this research work is to enable student and other business dealers to:
the origin and establishment of small scale business in
the different types of small scale business in
understand the role played by small scale business in
know the problems affecting small scale business in
v. Make the people know the benefit of movement in small scale business.
1.7 SIGNIFICANCE TO THE STUDY
The study is intended to acquaint the
business society and the general public the role played by small scale business
in developing the
The research will also encourage people to invest their money into small scale business due to its profitability. This research work is believed to be relevant to the researcher and the entire society, because, it will lead to the discovering of the problems of small scale business in the economic, especially the rural area.
Finally, the research work contributed the existing literature in the area of study
1.8 LIMITATION OF THE STUDY
A lot of problems were encountered during the course of executing this research work. The very first one has to do with time factor. There is considerably pressure on them because the research work is being written along with other class activities for example, regular lecture, assignment, test, quizzer sectional examination etc.
Some organisation do not put into consideration planning and decision making carefully, before setting up business firms. Consequently. The investigation regarding theirs are failed to yield good result. Also the work has carried out with limited resources at my disposal. However, in spite of all these constraint the research work was property carried out and a useful piece of work is produced.
In conclusion, lack of textbooks in the polytechnic library was yet another prominent factor that militated in the course of carrying out this research work.
1.9 OPERATIONAL DEFINITION OF TERMS.
This is any lawful human activities which involve the production and distribution of goods and services for satisfying customer wants and heed at a profit.
II. ECONOMIC DEVELOPMENT
Economic development is the growth in Economy indices such as industrial sector, food security, health, education, banking and agriculture etc.
III. SMALL SCALE BUSINESS
This is independent owned and operated and not dominant in it field.
However, for the purpose of this study, small scale business include modern enterprises employing up to fifty full time workers, family, business, engaging three or four workers.
Small scale business also include non-manufacturing business e.g. transport, tread, repair service, maintenance etc in which the operation and administrative management rest in the hands of one or two people who usually make major decision.