The following points explain the role of industrial development in economic growth. The role of small scale industries in the nations economic growth toweh oyovwe christopher and akpokiniovo rukevwe samuel abstract small scale industries all over the world have been the engine room for viable economic growth and development. The third section compares job quality between small firms and larger firms. The second section explores the role that small businesses play in creating jobs. Smes role and relevance in economic development small and medium enterprises are the backbone of industrial development. Small and medium enterprises smes play an important role in the modern economy. Notes, exercises, videos, tests and things to remember on role of small, medium and large scale industries in economic development. It is very important for both developed and developing country small and medium enterprises always represented the model of economic development, which emphasized high contribution to domestic production. We need tractors, threshers, pump sets and harvesters to modernise agriculture. The development of small scale industries will tend to correct this uneven distribution of industries in the country.
Importance of small scale industries in economic development. The role of small and large businesses in economic development. Role of smallscale industries in a developing economy. Another highly useful role of small scale industries in developed and underdeveloped countries is the great support that the development of large scale industries can obtain from small scale industries. Role of small and medium scale enterprises are to help the government in increasing infrastructures and manufacturing industries, reducing issues like pollution, slums, poverty, and many development acts. Industrial development is necessary for modernisation of agriculture. These ssi which are mainly agro based in nature would provide job for millions of. This article evaluates this shift in economic development strategies.
In the light of the above, this paper identifies the role of small scale industries. The cost of production is high and productivity is low. Notes on role of small, medium and large scale industries. Pdf the role of small and medium enterprises in economic.
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