It can be
noted that there are a lot of small businesses that are operating in that
country. These organizations contain employee that is less than 250. According
to the research, it can be seen that in different sectors of Pakistan, these
small businesses playing a major role in stabilizing the economic condition of
the country. It can seem that Pakistan is considered a developing country. Due
to this, there are a lot of variations in the economic structure of this
country. The next thing is that the growth of the industry in Pakistan is
gradually increasing every year.
This can be
seen from the statistical graph that is given above. In the mining sector of
this country, there is quite a low amount of contribution to the industry. But
it can be seen that it is better than the previous years. The next thing is
that in the manufacturing sector, there is high-quality growth. This is because
this sector is working high for improving the economic standards of the
country. The next important thing is that in the electricity sector there is
not much increment in the industries.
Importance of small business and another business startup for the
growth of the social economy
It can be
seen that in Pakistan, the importance of small businesses and startups is
extremely high. The main reason is that they are contributing to the increase in
the social economy of the country. This shows that there is a huge importance for
small businesses that are operating in Pakistan.
The next
thing is that in the rural areas of this country, many farmers are involved in
small businesses. Such businesses are involved in the increase in the local
economy. This is because these small businesses are providing essential help to
small peoples. Furthermore, it can be noted that in urban areas or small cities,
these small businesses are only diverse in the inventory and also enhancing the
customer experience. The next thing is that small businesses are also
originating from different opportunities for employment. The people that are
unable to make a mark in the big industries can easily start their careers with
the help of small businesses. These small businesses that are operating in
Pakistan are involved in creating millions of jobs for rural and urban peoples.
Some
advantages are gained from these small businesses in the country
Improvement in the economy
It can be
seen that there will be a huge increase in improvement in the economy of the
country due to these small businesses. This is because they are opening a large
number of opportunities for the individuals so that they can easily work and
help in the increase of the economic structure of the country.
Increase in employment
The next
thing is that there will be a huge increase in the number of employees. These
small organizations are hiring a lot of employees for different sectors of the
country. They are also providing opportunities for those individuals that are
unable to make a mark in the big organizations.
Differences in small, medium and large businesses
There is
only one main difference that is present in the small-medium, and large
businesses are related to the number of employees. It can be seen that if there
are about less than 250 employees that are working in the organization, then it
will be considered as a small organization. On the other hand, if the
organization contains employees that are between 250 to 1000. Then this company
will be considered in the medium business category, and on the other hand, if
any organization that contains employees that are more than 1000, then it will
be categorized in the large business. On the other hand, there are quite a few large
companies present in this country due to this they are putting quite a low
impact on the economy of Pakistan.
Impact of small businesses in the context of local, national, regional
and international
In Pakistan,
it can be seen that there is a huge impact on such small businesses in the
economy. The main reason is that they are involved in creating new
opportunities for individuals. Such businesses are involved in the increase in the
local economy. This is because these small businesses are providing essential
help to small peoples. Furthermore, it can be noted that in urban areas or
small cities, these small businesses are only diverse in the inventory and also
enhancing the customer experience. This is because they are opening a large number
of opportunities for the individuals so that they can easily work and help in
the increase of the economic structure of the country.
This shows
that if there is a discussion about the local market or economy, then these
small businesses are playing a major role. This is one of the most important
points for the country that they have to put complete focus on small businesses
so that they can easily stable the economic structure. Moreover, the next thing
is that in the context of the national economy, these small businesses are
cooperating efficiently. The best thing is that they are introducing new things
in the manufacturing industry. This shows that it is also showing a reasonable
impact on the national economy of the country. On the other hand, there is quite
a low impact on the international market due to these small businesses.
The main
thing is that Pakistan is not focusing on the exports in the small business. If
these small businesses are working in the export sector, then it will have a
comprehensive impact on the international market. In different countries, some
small companies have had a huge impact on the economy in the context of the international
market. The main reason is that their small business is working on exports.
This shows that the small business that is operating in Pakistan have to focus
on exporting their products in different parts of the world.
Examples
that can easily hider the person’s background and foster experiences
It can be
noted that several reasons can easily hinder entrepreneurship. The next point
is that the growth and decline of entrepreneurship are only dependent upon
these factors, and that include caste, creed, race, religion. There is one of
the most important aspects that is involved in affecting entrepreneurship is
the experience of the individual.
Another
thing is that some factors are playing a major role in foster entrepreneurship.
The next
thing is that entrepreneurship can be affected due to national cultures in a
particular area. The conditions of that area are not supportive of conducting
the business.
The next
thing is the economic condition of the country. It shows that if the economy of
the company is not stable, then there will be quite a low chance of
entrepreneurship for the new business. These are the pain individual in the
organization that has complete authority to apply any change in the
organization. It can be seen that if there is a requirement of any change in
the organization, then the managers of the company work for it. It can seem
that Pakistan is considered a developing country. Due to this, there are a lot
of variations in the economic structure of this country. The best thing is that
they are introducing new things in the manufacturing industry. This shows that
it is also showing a reasonable impact on the national economy of the country.
On the other hand, there is quite a low impact on the international market due
to these small businesses.