Introduction to Business Ethics and Values Assignment, LUC, Malaysia The role of Small and Medium Enterprises (‘SMEs’) in the Malaysian economy is undoubtedly important
University | Lincoln University College (LUC) |
Subject | Introduction to Business Ethics and Values |
The role of Small and Medium Enterprises (‘SMEs’) in the Malaysian economy is undoubtedly important. It assumes a significant role in the country’s industrialization program as it represents the largest percentage of establishments at 99.2%.
In terms of their economic contribution, SMEs contribute 32% to the Gross Domestic Product, 56.4% to the total workforce, and 19% to total exports. Based on the Census on Establishments and Enterprises 2005, there are a total of 552,849 companies in operation. Out of this, a total of 548,307, or 99.2% were defined as SMEs.
Referring to the statistics published by SMIDEC, the leading fraction of Malaysian SMEs is in the services sector (86.6%), followed by the manufacturing sector (7.2%), and final but not least the agriculture sector (6.2%). In the services sector, the majority of SMEs were in retail, (46.4%), followed by restaurants (14.2%), wholesale (9.1%), transport and communications (6.5%), and financial intermediaries (4.1%).
Whilst in the manufacturing sector, textile and apparel represent the largest sub-sector (23.4%), followed by food and beverage (15%), metal and metal products (13%), and paper and recorded media (7.2%). For the agriculture sector, the primary activities are mainly in planting, market plantation, and horticulture (65.6%), followed by fisheries (20.8%) and poultry farming (7%).
Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.
Get Help By Expert
At Assignmenthelper.my, we provide professional thesis writing assistance to students who are looking to achieve academic success. Our team of experienced writers is dedicated to delivering high-quality theses that meet the specific requirements of each client. We understand that writing a thesis can be a daunting task, which is why we offer a wide range of assignment writing services to help students at every stage of the writing process. From topic selection and research to editing and proofreading, we are here to ensure that your thesis is polished and ready for submission.
Recent Solved Questions
- Economic Report, USM, Malaysia Suppose that an economic crisis led to the depreciation of Wakandian dollars. Presidential candidate Reno Miller openly declared
- Science Research Paper, UM, Malaysia Corrosion is generally understood to be the destruction of a metal by the action of corrosive agents
- BAMS1743 : JUNE 2023- Quantitative Methods, Assignment , TAR UMT, Malaysia
- Corporate Innovation and Entrepreneurship Assignment, UiTM, Malaysia Corporations need to re-strategies their business to the market demand and remain competitive. Corporate entrepreneurship
- Mathematics Assignment, MMU, Malaysia Solve the following pair of simultaneous differential equations
- Programming Paradigms Assignment, UiTM, Malaysia Form a group of a maximum of three (3) members and suggest a case study of any possible realistic scenario
- Electrical Technology Assignment, UKM, Malaysia Analyze the circuit using, the nodal method, and find the value of voltages at nodes A, B, and C
- HR Management Report, OUM, Malaysia Sedap Fried Chicken Bhd is a new and rapid growing fast-food company in Malaysia
- BTM3001: Ethics and sustainability in business environment Research Paper, MUM, Malaysia By their very nature, traditional companies are not equipped to deal with social problems
- MNE60303: Part A: Lesson Plan for Classroom Teaching (Theory Course): Instructional Design for Classroom and Clinical Teaching Individual Assignment, Malaysia