Information about role of business in economic development essay
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There is no precise definition of a little concern. Some would see a concern as little if it has no more than a specified figure of employees. Other would wish to believe a concern as little that limits its range of operation to the local market country. Yet others may prefer to write a college essay about a concern as little on the footing of nature of house, such as the local medical shop, vesture shop, service station or a jewelry shop.
WRITERS’ Definition:
“A little concern is defined as a concern (corporation, Limited Liability Company or proprietary) with 500 employees or less”- U. S. Govt. “Harmonizing to Small Business act 1934″ A concern, which is independently owned and operated and non-dominant in its field” is a Small Business.
* Harmonizing to executive commission for national economic development. “A Small Business one of which processes at least two of the undermentioned features:
* -Managers are the proprietors.
* -Capital provider and the proprietor is single or a little group.
* -Worker and the proprietors are local market may not be so.
* -Relatively smaller compared with the biggest unit of the industry [Gross sales, employees etc.]
DEFINITIONS IN THE CONTEXT OF BANGLADESH:
“Small industry means an industrial constitution or unit which is rum chiefly by hired labor and non-utilizing mechanical motor power but does non-usually employ more than 50 workingman’s and whose land, edifice and machinery does non transcend Tk. 150. 00. 000 in value in either instance” – E. Pakistan Small
Industries Corporation Act of 1957.
Graph: Product/ service
Fiscal Plan
Operationss
Exhibit: Small Business process
2 TYPES OF SMALL BUSINESS:
Name
Example
Retail gross revenues
Food. Appliance. Clothing etc.Servicess
Service station. Auto fix. Plumber etc.Finance
Fiscal audience bureau.Agribusiness
Land usage & A ; development.Sweeping
Jobbers. Agents etc.Fabrication
Metallic elements. Plastics etc.3 Structural FEATURES OF SMALL BUSINESS:
1. 4 STAGES OF SMALL BUSINESS DEVELOPMENT:
WRITERS’ Definition:
“A little concern is defined as a concern (corporation, Limited Liability Company or proprietary) with 500 employees or less”- U. S. Govt. “Harmonizing to Small Business act 1934″ A concern, which is independently owned and operated and non-dominant in its field” is a Small Business.
* Harmonizing to executive commission for national economic development. “A Small Business one of which processes at least two of the undermentioned features:
* -Managers are the proprietors.
* -Capital provider and the proprietor is single or a little group.
* -Worker and the proprietors are local market may not be so.
* -Relatively smaller compared with the biggest unit of the industry [Gross sales, employees etc.]
DEFINITIONS IN THE CONTEXT OF BANGLADESH:
“Small industry means an industrial constitution or unit which is rum chiefly by hired labor and non-utilizing mechanical motor power but does non-usually employ more than 50 workingman’s and whose land, edifice and machinery does non transcend Tk. 150. 00. 000 in value in either instance” – E. Pakistan Small
Industries Corporation Act of 1957.
Graph: Product/ service
Fiscal Plan
Operationss
Exhibit: Small Business process
2 TYPES OF SMALL BUSINESS:
Name
Example
Retail gross revenues
Food. Appliance. Clothing etc.Servicess
Service station. Auto fix. Plumber etc.Finance
Fiscal audience bureau.Agribusiness
Land usage & A ; development.Sweeping
Jobbers. Agents etc.Fabrication
Metallic elements. Plastics etc.3 Structural FEATURES OF SMALL BUSINESS:
1. 4 STAGES OF SMALL BUSINESS DEVELOPMENT:
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