- Financial gains
- Self-employment which leads to job satisfaction and flexibility
- Provide job opportunities to the unemployed or those seeking better jobs.
- A means of opening up new industries especially in the rural areas facilitating globalization
- A source of generating income and increased economic growth.
- facilitates competition encouraging high quality products
- facilitates production of more goods and services
- Leads to the development of newer markets
- Promotes use of modern technology in especially small- scale manufacturing to enhance higher productivity
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