A Comparative Study of the Role of Small and Medium Scale Enterprises in the Economic Growth of an Economy

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ABSTRACT

This study was aimed at examining the role being played by the small and medium scale enterprises towards economic growth of an economy with E-nugu state as our case study. From the study, it was observed that indeed, small and medium scale enterprises contribute to the economic development of Enugu state.

Lack of adequate finance was identified as one of the mayor problems hampering the development of small and medium scale enterprise in Enugu state.

In order to provide a sound theoretical framework and sound judgement for the work, the work of other researchers in the same issue were reviewed.

The use of Taro-Yamani Statistical formular was used in selecting an adequate sample size for the study from the population.

A total of six hypothesis were formulated and also tasted using the chi-square method of hypothesis testing.

In order to elicit proper information from the respondents who are both illitrate and litrate, the researcher utilized both questionnaire and interview. The data collected were properly analyzed using the table and simple percentage response formular.

In the final analysis, the research work found out that small and medium scale enterprises affects the economic growth of the Enugu State Economy.

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A Comparative Study of the Role of Small and Medium Scale Enterprises in the Economic Growth of an Economy

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