Role of small businesses in economic development

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Reference no: EM133146155

Small and Medium enterprises popularly known as SMEs are engines of growth, vital to most economies. Research suggests that micro businesses and SMEs account for 95 percent of firms in most countries, create jobs, contribute to GDP, aid industrial development, satisfy local demand for services, innovate and support large firms with inputs and services.

Required:

  1. Assess four ways in which the government is directly involved in promoting and protecting the interests of small businesses in Kenya.
  2. Examine the role of small businesses in economic development in Kenya

Reference no: EM133146155

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