CHAPTER ONE
INTRODUCTION
Small scale industries, although has no consensus definition, has been known to assume various dimension in different country. In L.L Ahukannah and his college text titled commerce for senior secondary school classified retail shop into: small – scale traders and large – scale trader which means that small scale trade is under retail trade. In addition. The parameter could equally be the size of human, sales, capital invested and other resources. Finance on other hand has been defined by Mr. Joseph Iloh in three prospective view namely: According to layman’s prospective – to a layman finance is the total volume of cash in hand and at bank. vAccording to investors prospective – it is the provision of fund as at very time that investment is ripped or ready. vAccording to academic “ prospective – finance is the body of knowledge packaged to train a person and get him qualified as a professional. Nevertheless, this study attempt to examine the various problems faced by small scale business in Nigeria especially in securing adequate finance and other problem retarding the progress of business in Enugu in Nigeria.
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