Explain the gross domestic product

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In spite of the early legislative intervention, when the leaders of the day recognized the significant role Small and Medium Enterprises would play in Zambia in job and wealth creation as well as being a breeding ground for industrial expansion and development, the role of SMEs in the economic development of Zambia has been minimal. Yet for the most developing nations, such as India, SMEs by far have out-performed large companies and contribute more to the Gross Domestic Product (GDP).

You have been given a platform in the new government to push the agenda of the SMEs by comparing them to large companies, and chart the way forward. Identify the advantages and disadvantages in the past of doing business using the two platforms and, and explain why it has been very difficult for SMEs to compete with indigenous large Zambian companies. What would be your projection of the future of the two business associations if the right measures are put in place in place?

Reference no: EM133053065

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