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SMEs - Coggle Diagram
SMEs
Contributions
- Act as the foundation of bigger industries
- Provide opportunities for entrepreneurial training
- Contribute to the development of rural areas
- Help in improving the country's balance of payment
- Help the country's economic development
- Prevent wastage and encourage savings
- Support the country's industrialization process
- Provide a positive impact to income distribution
Problems
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- Difficulty in acquiring raw materials
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- Insufficient and inappropriate sites or buildings
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Roles
- Source of innovation and creativity
- Career opportunities for productive individuals
- Test ground for entrepreneurs