Conept of Micro Enterprise

Microenterprises are located in both urban and rural areas in developing countries.1 The term microenterprise refers to the economic activities of individuals whose primary source of income is "trading, cottage industries, and a wide range of services, generally categorized as offfarm activities."2

In rural areas, individuals involved in microenterprise account for a significant segment of the workingage population in developing countriesthe range is from 19 to 49 percent.3 In the urban areas of developing countries (where subsustence and smallscale farming is not feasible), between 30 and 70 percent of the labor force is employed in microenterprise.4

Microenterprise, thus, clearly represents a significant segment of the economy in developing countries. For successful development, the needs of microenterprise must be addressed.

MICROENTERPRISE AND OTHER ECONOMIC PLAYERS

Governments in developing countries, as well as most international organizations assisting development in such countries, tend to favor the flow of investment funds to "capitalintensive projects undertaken by large firms."5 Small and mediumsized firms in developing countries are then "for

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UMMARY This research presented an inbreadth examination of the concept of microenterprise, its relationship to the economicdevelopment of non industrialized countries, and the financing of microenterprise. This inbredth examination revealed that microenterprises are located in both urban and rural areas in developing countries. The term microenterprise refers to the economic activities of individuals whose primary source of income is trading, cottage industries, and a wide range of services, generally categorized as offfarm activities. In rural areas, individuals involved in microenterprise account for a significant segment of the workingage population in developing countriesthe range is from 19 to 49 percent. In the urban areas of developing countries (where subsustence and smallscale farming is not feasible), between 30 and 70 percent of the labor force is employed in microenterprise. 16 The 1988 United Nations world conference on development referred to the informal sector of the economies of non industrial countries as the major development agent for employment creation, income generation and social stabilization in the next decade. Microenterprise, thus, clearly represents a significant segmen
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Some common words found in the essay are:
World War, United Nations, Agreement IMF, Soviet Union, World Bank28, Gunnar Myrdal, Middle East, DEVELOPMENT MODELS, Trust Fund, Conditionality IMF, developing countries, industrialized countries, united nations, economic development, international monetary, monetary fund, informal sector, international monetary fund, finance development, developing economies, human capital, 4 december 1984, united nations development, informal sector economies, south press 1984,
Approximate Word count = 8920
Approximate Pages = 36 (250 words per page)