Question

PLZZZ help give me a short response plzzz!! What kinds of obstacles are poor citizens of developing countries likely to face when establishing businesses? Think of a time when you or someone you know tried to make some money through a business, a sale, or a job. Who helped you? Were there opportunities available for you? Based on your own experience, discuss the obstacles people in developing nations might encounter when trying to start their own business.

Answer 1

Answer:

1. Inability to access credit facilities. This limits the extent of business growth as it cannot expand for lack of funding.

2. The poor national economy has made many people languish in poverty due to unemployment. With unemployment, the purchasing power of the population is very small, and no business can thrive in such an environment.

3. The poor road network makes transportation of goods and services rather difficult, so the business is greatly hampered and disadvantaged.

4. Inflation is also a problem for such businesses as it contributes to stagnation and uncertainty of daily cash flow.

Sorry for late answer. :(

Hope it helps! :D