Economics Paper 2, May/June 2011  
Questions: 1 2 3 4 5 6 7 8 9 10 11 12 Main
General Comments

Question 6

Outline any five reasons why small scale firms are common in West Africa.


A good number of candidates answered this question.  The overall performance was well above average.  However, few candidates only listed their points which obviously made them to score low marks. The candidates were expected to explain the following points to score high marks in this question:

Reasons why Small Scale Firms are common in West Africa.

(i)      small capital requirements;
(ii)      fear of risk;
(iii)     market size is small;
(iv)     inadequate expertise in managing large scale enterprise;
(v)      simple legal procedure to set up;
(vi)     some people like to remain their own boss.

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