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Effects Of Small Scale Business In The Development Of Nigerian Economy
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1.5 SIGNIFICANCE OF THE STUDY
This study is very beneficial to groups of people such as:
1. The small scale entrepreneur as it will help them to know how to solve the economic problems.
2.
Student of business studies of higher institutions of learning as this
will serve as reference work and guide for further research work.
3.
The state government as this will enable them to know the roles in which
the small business played in the development of the state.
4. The state government will through this study know the problems facing the small scale business and the suggested solutions.
1.6 SCOPE OF THE STUDY
This
study is directed to find out the roles in which small scale business
has played in the economic development of this study. The study is only
focused on the small outlet business like Renny’s Fast food which is
situated at Owerri Imo State.
This study is expected to cover and
serve as a guide in the evaluation of the role played by the small and
medium scale business as regards the economic development of a nation,
state and even local government.
1.7 LIMITATION OF THE STUDY
While
carrying out this research, the researcher encountered lots of nagging
problems which affected the progress of the work. Below are some of the
problems encountered during the conducting of this research exercise:
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Short period of time: The study was greatly hampered by the short
period of time mapped out by the school management for the executive and
completion of the exercise. This is not withstanding the ambition of
combing the researcher’s academic works like lectures together with this
work and must to establish equilibrium.
- Nonchalant attitude of
the respondents: Another limitation in the course of carrying out this
study was the laziness and nonchalant attitude of the respondents
towards the completion of their designed questionnaire.
- Inadequate
materials and tools: Lack of literatures, journals and magazines in the
polytechnic and other consulted libraries was a constraint to this study
though it does not limit the findings of the study because the
researcher later find his head above the sea level of the wave.
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ABSRACT - [ Total Page(s): 1 ]The main purpose of this study is to know the roles and efforts of Small Scale Business Enterprises in the Nigerian Economic Development. Every nation no matter the nature and rate of available human and material resources under its disposal can hardly attain growth and economic development if the small scale business sectors of such nature is neglected or not given adequate financial supports cum other incentives that makes for the survival of these business. Therefore, the study has tried to u ... Continue reading---
