INTERNATIONAL JOURNAL OF GENERAL STUDIES EDUCATION (JOGSE) (VOLUME 6, ISSUE 1, 2025)
Home / Archive /  INTERNATIONAL JOURNAL OF GENERAL STUDIES EDUCATION (JOGSE) (VOLUME 6, ISSUE 1, 2025)

THE IMPACT OF SMALL-SCALE BUSINESSES ON ECONOMIC DEVELOPMENT

Gbadegesin Afees Akinade
Oyo State College Of Education, Lanlate Business Education Department 08063085960

Keywords:
Small Scale Business, Economic Development, Entrepreneurship, Sustainable Growth.

 DownLoad Article


PUBLISHED
17/12/2025
ABSTRACT
It has been observed that small scale business is the panacea for national economic development, it even the solution to problems of social vices among the youth. Small scale enterprises also used in tackling unemployment in Nigeria with particular emphasis on the sustainability of the employment generation. Small business in Nigeria are diverse and can be found in various sectors such as retail, wholesale, manufacturing, services, agriculture, hospitality and technology. It also contribute to income generation and poverty reduction, it also contribute to export pose positive impact to national economy, it contribute  to gross domestic product which have impact on industrial growth.