Small Scale Enterprise – Its Relevance to National Development

Small Scale Enterprise – Its Relevance to National Development

Meaning of Small Scale Enterprise – According to Ojema G.Agbo (2000,P18) he says that there is no definition of small scale industry that is accepted universally. The definitions vary from one country to another. Even in a country, the definitions may differ from state to state and from institution to institution. Definitions are usually based on the level of economic development of the particular economy and the purpose of the definition in the opinion of broom Langenecker 1983, the definitions are not rigidly fixed since people adopt different standards for different purpose with some of the standards being number of employees asset size, volume of sales etc. [Read more…]