8 ROLE, 9 ADVANTAGES, 6 DISADVANTAGES AND 9 CHALLENGES FACED BY SMALL AND MEDIUM ENTERPRISES
ROLE OF SMALL AND MEDIUM ENTERPRISES IN DEVELOPMENT 1. Provision of social services, for instance, health units, schools, e.t.c 2. Development of infrastructure, for instance the transport network. 3. Providing government revenue through payment of taxes. 4. Provision of goods and services/products to meet society needs. 5. Providing a centre for training and developing local man power. 6. Provision of market for the society’s products. 7. Provision/creation of employment opportunities to society. 8. Participation in community development programs, for instance providing assistance to charities, welfare facilities, e.t.c. 9. Improvement of food security through processing agricultural products. 10. Providing information for research and study purposes to students and researchers. 11. Recycling waste that would have harmful effects hence cleaning the environment. 12. Improving the environment through planting trees. 13. Utilizing idle resources such as land, labour, e.t.c. 14. Spon...