WAEC - Economics (2012 - No. 21)
One reason why small scale businesses are very common in West Africa is that
they can easily float shares
their management boards are easily formed
their initial capital is easy to rise
their dividened payments are very regular
Explanation
Because they require minimal capital for start up. Most small businesses rely on loans and grants from family and friends, personal savings and plough back profit as their initial start up capital.
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