'Contribution of Small and Medium Scale Enterprises Essay\r'

' establishment\r\nThe production of goods and services in the more or less efficient manner has continue to be the only viable and alternative for training of lilliputian exceed enterprises in Nigeria and for the schooling, using and survival of any economy. The development of sm on the whole dental plate enterprises non only contri andes importantly to imposed standard, they also bring squ atomic number 18 local capital formation and progress to higher(prenominal) level of productivity. sensitive and forte scales are crucial to the development of all economies of the origination. They are the modern day’s incubators of job opportunities, they provide the way for evolution local technologies, raw materials and serve as the foundation of self-reliance to many countries of the world. flyspeck and strong point enterprises predominate all over the world with labor intensive mode of production. The operation of bantam and strength enterprises not only requi res less capital per worker, but also per unit labor added.\r\nHence, approach industrial enterprise and industrial job are not high SME’s advance the most(prenominal) efficient form of business. The exposition of low-toned and mean(a) enterprises tends to differ among countries. gum olibanum at that place is no universally accredited rendering. This arises from difference in industrial institution of the countries at different level of scotch development in fail of the akin country. It is also important to recognize that the definition change over time. For the purpose of this explore how forever, refined and medium scale enterprises is defined as a term utilise across-the-boardly to cover industries consisting of nonaged firms ranging from class and cottage establishment to medium surface industries that are not large overflowing to be classified as large. In other words, small and medium enterprises are classified as enterprises embracing factories, kingdom and non-farming organization ranging from household to cottage enterprises.\r\n itsy-bitsy and medium scale enterprises are a dynamic, growing, profitable and innovative orbit. It is in credit of this that the political social intercourse over the years initiated non-homogeneous programmes to address this crucial issue. If the strategies used where trance and relevant, entrepreneurship and SMEs would have striven in Nigeria thereby, contributing optimally to individual wellbeing and the economy in general. Suffice it to say that the strategy of industrialization with focus on large scale business has proved inadequate and of stern socio scotch and environmental consequences. This therefore calls for redefinition of strategies to shed light on the imbalances in economic development policies.\r\n financial statement OF THE RESEARCH PROBLEM\r\nDespite the extensive human and material resources, Nigeria has failight-emitting diode to develop into economic to be reckone d with from within and outside world, confederation sprits in Nigeria is at its infancy, partners in many small scale enterprises pursue single goals at the expense of the boilers suit entertain of the SMEs, consequently mortality rate among SMEs is high as a result of disbelieve that often develops among the owners. Beside poor partner spirit, regulatory environment, form _or_ system of government instability and reversals, inadequate radical etc. and the misused of resources have led to the country losing it position of a promise developing nation to that of underdeveloped status. Small scale enterprises was made possible to incite and encourage Nigerians toward castigateting up small scale industries for the realization of self-reliance and speedy growth of the Nigeria economy\r\nPURPOSE OF THE learning\r\nThis research attempt to analyze the use of goods and services of small and medium scale enterprises in achieving economic growth and development with generating physical exertion for young in the country. Nigeria is endow with the population reside both in rural and urban areas with no employment and low income. Genuine encouragement of the do important to use their own initiative to set up Small and medium enterprises, utilize the local raw materials and technology impart have a positive sham on the socioeconomic of Nigeria and thus servicing in alleviating the problems of unemployment.\r\nSIGNIFICANCE OF THE STUDY\r\nThe procedure of small scale enterprises in the overall economic development is well know in every economy. This is because of the role the sector can play as a source of gainful employment. More than ever before, the country needs to fine form its industrial policy to align it with development strategies so that small scale enterprises could make do favorably with the product of emerging economies. The significance of this resume therefore lies on the immensity the government of Nigeria attached to development of small scale industries and the choose volition be useful to policy makers in fetching decisions which affect small and medium enterprises. This write up will also serve as a blue print for the government, entrepreneurs and students like in collar the economics of small and medium scale enterprises.\r\nIn the retiring(a) various policies and measures were taken by consequent governments in an attempt to foster development via small scale establishments, but most of them failed. This is because there is inadequacy of clear understanding of the actual problems that hinder or prevent the development and growth of small scale industries. Therefore, this study with the definite explanation and clearcutness about problems will help government to make obligatory adjustment in making policies or taking true measures to improve small scale industries in the country. It is therefore intended that the findings and recommendations of this study will enable the owners of small scale enterprises, emerging potential enterprises as well as the both similar bodies to assess the grandness of small scale enterprises toward economic development, how to establish, fare as well as gillyflower and identify areas of their survival thereby achieving the objectives of establishing them.\r\nAIMS AND OBJECTIVES\r\nThe main aim of this study is to examine the broad spectrum covered by the small and medium scale enterprises, their survival in relation to youth and employment generation The broader detail objectives are as follows:\r\n1.To analyze the voice and move of small scale industries to Nigerian economy 2.To examine the problems which hinder the impact 3.To assess the role of developmental policy program of small scale enterprises undertaken in Nigeria. In a nutshell, this research study is to assess the performance of policies on small scale enterprises and its impact on youth and employment generation.\r\nSCOPE AND LIMITATIONS OF THE STUDY\r\nThis study is an as sessment of the role of small and medium scale enterprises in general and its percentage to youth and employment generation in Nigeria. Writing a research of this reputation cannot be done without some limitations; info has to be collected from a average number of respondents. However, some information whitethorn be missing, looking at the numerous numbers of small and medium enterprises. tutelage in mind that, the business world in the developing countries is rigid in revealing certain information which they necessitate as secret.\r\nThe research shall be trammel to areas where entrepreneurs are willing to give necessary information needed. In addition to this problem, there are also problems of limited formalized statistics on the number of small and medium scale enterprises, their size, and range and how they operate. As a student, time, financial constraint, lack of cooperation on the part of entrepreneurs, hastily response to questions which may reflect adequate inform ation couple with the respondents lack of understanding and appreciation of the research national may affect the effort to the rigor of this research work.\r\n'