The Potential and Economic Role of Small and Medium Enterprises in Developing Countries like Pakistan: A Systematic View

Abstract

In the development of any country, small and medium enterprises play a vital role. The small and medium enterprises in developing countries like Pakistan are backing a lot in international and national market of different sectors like banking, manufacturing, construction, fishing, tobacco, agri-business, mining, leather, retailing, paper industries and farming. The small and medium enterprises in Pakistan are active agent in development process. In reality most of Pakistan small and medium enterprises are managed and run by one person, family and friends network. In such small and medium enterprises  for the most part at country regions of Pakistan the part of individual properties and rate of benefits and in addition its temperament does not assume an essential part in choice making process. In such type of small and medium enterprises the individual diversion are higher as contrast with corporate commercial ventures. This trait might build the possibility of danger and decline the productivity of enterprises.

Keywords: Role of Small and Medium Enterprises, Developing Countries, Pakistan