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Need an argumentative essay on Causes of the UK Small Firm's Revival. Needs to be 12 pages. Please no plagiarism.Small firms have emerged in the UK because of the focus on industrial growth and mainly
Need an argumentative essay on Causes of the UK Small Firm's Revival. Needs to be 12 pages. Please no plagiarism.
Small firms have emerged in the UK because of the focus on industrial growth and mainly due to the reciprocity of the structure of the national economy and the unique characteristics of small scale industries. The emergence of SMEs in the economy has facilitated balanced regional growth by promoting entrepreneurship among all economic fields. It contributes to foreign exchange earnings, by stimulating the export of quality and standardized products and services.
The argument on the revival of SMEs in UK economy is described below. In UK economy there should exist clear evidence for the small firm revival exists and it really needs to be maintained in future also. The theory of economies of scale in determining the size of the business and its growth. Through the combined effects of technical efficiencies and the economies of scale, SMEs showing evidence of a revival in the UK economy. The greater interest shown by the UK government for the boosting of the SME sector is clear evidence of the revival of the economic sector. Contribution from the part of the small scale sector to the economy of UK is larger than that of in previous decades and there is clear evidence for the revival in the SMEs in the UK. (SME innovation survey analysis).
As small enterprise sector was on the secular decline in the past decades resulted from lower productivity and incomes, poor working conditions, today in the UK economy, there has been a revival of interest in small scale sector from the part of the investors and the government. .As a result of the revival, the sector is showing upward movement in terms of contribution to the economy and profitability.