11 Reasons Why There Are Many Petty Traders in West African Economies (PDF)

Find below a summary of the reasons why there are many petty traders in West African economies. You can use these points to answer any question on why many small-scale firms or businesses still exist in West Africa.

  • Inadequate capital
  • Lack of proper management skills or organizational know-how
  • Existence of mass unemployment
  • Petty trading is a ready means of supplementing very low regular incomes
  • Very small markets
  • Management is easier
  • Lack of team spirit and trust to allow for the formation of partnerships or joint-stock companies.
  • Sole proprietorships are simpler or easier to start compared to partnerships, for example.
  • The provision of direct services is more attractive to people who can’t set up businesses demanding complex products and structures.
  • Fear of taking risks makes more people settle down for smaller enterprises.
  • Petty traders in West African economies operate in local or remote areas where opportunities for business expansion and growth are limited.

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Ralph Nyadzi is the Director of Studies at Cegast Academy. He is a qualified English tutor with decades of experience behind him. Since 2001, he has successfully coached thousands of High School General Arts WASSCE candidates in English, Literature and related subjects. He combines his expertise with a passion for lifelong learning to guide learners from varying backgrounds to achieve their educational goals. Ralph shares lessons from his blogging journey on BloggingtotheMax. He lives with River, his pet cat, in the Central Region of Ghana.

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1 thought on “11 Reasons Why There Are Many Petty Traders in West African Economies (PDF)”

  1. Good job. It’s rare to get literature past questions on paperback in the bookstores for obvious reasons.You did great and if you ever need anyone to work with on anything literature, I’ll be glad to be of service.

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