Assessment on the informal sector and its impact to the economy in Tanzania: The case of Arusha Municipality
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Date
2013
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Diva Enterprises Pvt. Ltd.
Abstract
The main objective of this study was to assess the informal sector and its contribution to the Tanzanian economy having Arusha municipality as the case study. The study attempted to find out the level of contribution the informal sector is making to the economy by looking at a number of factors, which were entrepreneurial skills, capital, production technique, and legal status. The study employed mainly qualitative approach in data collection and analysis after which the researcher identified a number of factors that affect contribution of informal sector to the economy. They included lack of permanent centers for doing business, lack of entrepreneurial skills, absence of market, market pressure resulting to low commodity prices, too high taxes established as well as unstable weather conditions. It also went further into suggesting the possible recommendations/policies to the government and policy makers in order to improve the current situation that included provision of entrepreneurship training, establishment of permanent business places, formation of small groups for easy accessibility to loans and education pertaining to formalities in obtaining those loans from financial institutions.
Description
Abstract. Full Text Article available at: http://www.indianjournals.com/ijor.aspx?target=ijor:ijrss&volume=3&issue=2&article=013
Keywords
Assessment, Informal Sector, Contribution, Economy, Tanzania, Arusha municipality
Citation
Christopher, L. M. (2013). Assessment on the informal sector and its impact to the economy in Tanzania: The case of Arusha Municipality. International Journal of Research in Social Sciences, 3(2), 184-198.