Central Tendency



Central Tendency

Introduction

Small and medium sized enterprises, or SMEs, are widely recognized as being the major contributors to economic growth, job creation and economic activity in most developed nation countries. As such, encouraging the growth and success of SMEs is vital to the success of the Middle Eastern countries and their industries. However, in the aftermath of the various conflicts, which swept the world in the wake of the world recession and war on terror crisis, many SMEs have faced a highly challenging business environment. In particular, large amounts of the state aid that was previously used to support SMEs has been diverted to keeping banks and larger businesses afloat in the difficult environment; the reductions in the flow of credit have severely impaired supply of finance to SMEs; and several important economic development projects have been put on hold or cancelled due to a lack of finance. SMEs considerably add to business, financial, technical and local growth in all financial systems, whether they are developed or developing.

Although, the definitions of Small and Medium scale Enterprises may contrast. It is believed that over 1.4 million SMEs operate in the Middle East, out of which around 30% are related to production. Small and Medium scale Enterprise segment consists of about 40% of total business manufacturing, 35-40% of total overseas sales and a major contribution to employment (about 2.5 million) and makes around 8% of GDP .

Appropriateness of the data

Technological Expenditures on SMEs

The variable is considered as the core variable because it is the variable on which the whole studies depend. The technological expenditures are that expenditure which the SMEs do on their business to advance and improve. The more an SME spend on its technological expenditures, the more profit is assumed to be gathered because there is no doubt that ...