African Journal of
Business Management

  • Abbreviation: Afr. J. Bus. Manage.
  • Language: English
  • ISSN: 1993-8233
  • DOI: 10.5897/AJBM
  • Start Year: 2007
  • Published Articles: 4050

Article in Press

The Economic Role of Micro and Small Scale Business Enterprise in Case of Meket Town, North Wollo, Ethiopia

Yohannes Walie and Fiker Ayalew

  •  Received: 12 December 2018
  •  Accepted: 30 May 2019
This study was aimed to assess the economic role of micro and small scale business enterprise in case of Meket town, North Wollo. The specific objectives were to investigate employment creation in micro and small scale business enterprise, to assess the role of MSSEs in income generation, and to assess major constraints of MSSEs in the study area. In this study, owner of micro and small scale enterprise and out of MSSEs activities in the town were contacted. Two urban kebeles namely, kebele 024 and kebele 025 were selected for the study. Both structured and unstructured questionnaires and key informant interview were used to obtain information from individual respondent in the households. The qualitative data collected through key informant interview, and questionnaire was narrated and summarized. Statistical Software Package for Social Science (SPSS version 20) and Microsoft excel 2010 was used. The collected data was analyzed in terms of the number of respondents (50 sample size) characteristics and perception. In Meket town there were 35 respondents have their own micro and small enterprise. There were about seven MSSE under the study area which used as economically, job opportunities, access to knowledge and trained labor. Demographic data haven’t significant effect on monthly income those participated in MSSEs in the study area (p> 0.05). Among challenges and constrains of MSSE in the study area, the most frequents were, lack of finance (64%) followed by lack of suitable land (21%). The government should minimize taxation, attend coordination and activities of MSSE members, motivate, and create awareness between and within the group.

Keywords: MSSE, Economical Role, Job opportunities