Role of Small Scale Enterprises In The Economy

According to Hallberg 63, SME’s form the core of a country’s economy since they play various roles as outlined in this paper. To begin with, SME’s are a vital sector of the economy because they provide employment opportunities for a large population of citizens (Charantimath 79). It is estimated that the rate of unemployment is at 60% (Charantimath 79). This can be tackled by providing incentives into the small scale sector to boost the number of people with jobs. On another hand, a majority of the SME’s utilize at a large extent the resources found locally thus promoting the local economy. Works cited Top of Form Top of Form Top of Form Charantimath, Poornima M. Entrepreneurship Development and Small Business Enterprises.