The Role Of Small Scale Enterprises In The Socio-economic Development Of The Rural Areas

1.4  SIGNIFICANCE OF THE STUDY

The study is intended to look at the significance. Today, while there has been a steady growth in large scale business organization, the small trade of the small scale business has not been eliminated, small fields, they perform certain significance, which cannot adequately performed by the big firms in the following areas.

Where there is a small market a village is not likely to contain as many markets as a city. Hence, it is small peasant farmers that can either cater most probably for this small market and not the large firm, where direct services are required. A small scale enterprises will be very suitable increase where direct services are needed, for instance, teachers and doctors.

High costs of production continue to increase as production expands therefore small scale business is the most economic unit of production in such fields.

Where the purpose is done in bit, it is the small village retailer that can call sugar cubes and cigarettes in sticks rather than in pockets. The retail work cannot by done by the big firms.

Small scale enterprises help in the greater use of domestic raw materials.

More so, small scales enterprises help to promote the youth entrepreneurship in the local government area.

Small scale enterprises help to have a potential for generating employment on a significant scale.

1.5  SCOPE AND LIMITATIONS OF THE STUDY

The framework of this research project is centred upon the role of small scale enterprises in the socio-economic development of the rural areas of Mopa Muro local government are of Kogi State.

The study is limited to Mopa local government are where the data derived and analyzed. The study is also limited to the period between 1991 and 2014.

The study is constrained by the resources available to the investigator in terms of time and finance. Road linking some town and villages are not motorable.

1.6  RESEARCH QUESTIONS

For the purpose of this research work, the following questionnaires are being raised:

1. What are the problem of small scale enterprises in the socio-economic development of the rural area in Mopa local government area, Kogi State

2. What are the prospect of small scale enterprises in the socio-economic development of the rural area in Mopa local government, Kogi State

3. What measures to be adopted for the effective development of small scale enterprises in Mopa Muro Local Government area, Kogi State

1.7  DEFINITION OF TERMS

The definition of key words will help to elucidate the subject matter of this research work.

INDUSTRY: Is where goods are produced for man’s use and satisfaction.

ENTREPRENEURSHIP: As an entrepreneur and organizer, an entrepreneur is an initiator of economic activity in a free enterprise system.

PRICE: Is the means whereby it obtains a few return for his labour, replenishes and measure its wealth and purchasing power for supplying products or services.

ORGANIZATION: Is the coming together of individuals and groups in order to achieve certain goals and objectives by mean of differentiated functions what are intended t be rationing co-ordinates and directed through time on continuous basis under leadership ad authority.

PROCESSION: A situation where there is economical downturn

RECOVERY: A situation where economic activities are showing green light

PROMOTION: is to advance on idea or to push forward something tangible is such a way as to gain acceptance and approval for it.

HIRE PURCHASE: Is a system whereby money paid for good and means of production installment with the view of ultimate purchase.

SOCIAL RESPONSIBILITY: As the basic obligation or debt of an organization to ensure that its activities, decision, shareholder, employees and government that constituted what is known as society in order to ensure its continuity and survival.

PRIVATIZATION: Is most commonly defined as the transfer of government owned industries to the private sector implying of assets on transfer lies with private shareholders.

ENTERPRISE: Is a body or agency or organization established by satisfactory law, edit to render essential social services to the public.

PRIVATIZATION: Is most commonly defined as the transfer to government owned industries to the private sector implying of assets on transfer lies with private shareholders.

1.8  ORGANIZATION OF THE STUDY

This project intended to look at the role of small scale enterprises in the social economic development of the rural areas.

In the quest to make this project work more efficient and easy for comprehension, this project will be divided into five chapters.

Chapter one is intended to cover the introduction which introduces us to the fundamental problems of the role of small scale enterprises, the significance for the study, scope and limitations of the research work.

Chapter two will focus especially on relevant literature reviewed as it relates to the role of small scale enterprises in respect to rural development.

Chapter three will centre in the research methodology, this will light the various sources of data collection and population.

Chapter four will focus on the presentation and analysis of data obtained in the bid to know the role of small scale enterprise in the development of rural areas.