Economics · Economy
What is one of the major economic advantages of MSMEs in developing economies?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They operate entirely independent of global supply chains.
- 2They significantly reduce the need for economic diversification.
- 3They create absolute monopolies in the domestic market.
- 4They generate large-scale employment opportunities with relatively lower capital investment.✓
Correct answer
They generate large-scale employment opportunities with relatively lower capital investment.
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