Question

Small firms are beneficial to developing countries like Botswana. Do you agree? Explain
your answer

Answer 1

yes i agree that small firms are beneficial to developing countries like Botswana beacuse developing countries have less amount of capital so it is not possible for them to sustain big firms requiring large capital. Also, Developing countries are suffering with high scale of unemployment therefore small firms have more potential to provide employment as compared to big corporations. MSMEs are the engine of growth and they have significant potential to promote exports and provide product diversification. Empirical evidences also proved that MSMEs play a vital role in the growth of emerging economies.woman and youth led small firms also promote gender parity and these firms also have potential to become big giants and enjoy economies of scale.