Economics Sba Essay

TitleAn analysis into the involution of adults in the pecuniary sphere of influence. place of InvestigationThe purposes of this research argon1. To identify the association of adults with the formal sector of Tobago. 2. To determine the booking of adults in the informal sector of Tobago. 3. To determine the factors bear on the involvement of adults in the fiscal sector.Methods of InvestigationsThe primary source of information apply in this project is1. Questionnaire. Thirty-one questionnaires were distributed to residents of paradise. All the persons responding were eighteen and over.Limitations Facedsome(a) limitations faced argon* Vill growrs misunderstanding some of the questions.* Villagers not taking the questionnaire seriously.* billet responders to retrieve questionnaires was difficult since they were not known personally.Presentation of DataFactors poignant Choice in stock up MarketFrequency of Use of Stock Market ServiceAnalysis and Interpretation of DataDescripti on of fiscal System in Trinidad and TobagoThe financial establishment is a network of savers, investors and financial institutions that work together to ensure that savings ar transferred to investors. The financial system consists of two sectors formal and informal. The formal sector includes all the financial institutions that be regulated officially, such as, mercenary banks, credit unions, central bank, stock supplant and insurance companies. The informal sector includes all financial activities that are not under official control, such as, sou sou, specie lending. The functions of the Central Bank are* maintaining the exchange rate of the local currency* solely authorizing the issuing of money* acting as treasurer to government making payments and receiving taxes* acting as a banker to commercial banks by managing their banking systems* assisting commercial banks that are facing financial problems* assisting development of money foodstuffsA commercial bank is a financia l institution that is engaged in money transmission function and is together with owned by shareholders. In Tobago there are four commercial bank First Citizens Bank, Scotiabank, Republic Bank and Royal Bank of Trinidad and Tobago. A credit union is a cooperative association whose members can line up low-interest loans from their combined savings. thither are nine credit unions in Tobago, these are Lambeau quote Union, Bethel Credit Union, Mt. Pleasant Credit Union, Thawe Credit Union, Whim Credit Union, Tunico Credit Union, Total Holdings Credit Union, Runnemede Credit Union and Peoples Credit Union.The Trinidad and Tobago Unit arrogance Corporation is a mutual union that dominates the mutual fund market in Trinidad and Tobago. There is a fall apart in Scarborough, Tobago. The horse opera Union Company is a financial serve and communications company. There are several locations in Tobago, including in prime Point, Scarborough and Canaan. An insurance company provides fina ncial protection for property, life, health, etc., against contingencies, such as death, outlet or damage. There are insurance companies in Tobago Scotia breeding, Colonial Life restitution Company, The Beacon and Guardian Life. A stock exchange is an organized market facilitating the purchase and sale of securities, operated by professional stockbrokers. The Trinidad and Tobago Stock change over is located in Port-of-Spain.Market StructureMarket Structure refers to the flake of competition faced by firms in an industry. The four main market structures are sinless competition, monopolistic competition, oligopoly and monopoly. No. of Buyers and Sellers Knowledge Type of produce Control of Price Barriers to Entry correct Competition legion(predicate) buyers and sellers Perfect Homogeneous Price Taker No barriers Monopolistic competition Many buyers and sellers weakly Differentiated Price Setter Low barriers Oligopoly Many buyers, few sellers liberal Homogeneous or different iated Price Setter High barriers Monopoly Many buyers, one seller Imperfect Unique Price Setter genuinely high barriersBanks in Trinidad and Tobago fall under an oligopolistic market beca character there are few sellers and many buyers. Credit unions are under a perfect competition market.Unit trust is a monopoly.Western union is an oligopoly.Insurance companies are oligopolies.The stock exchange is a monopoly.Participation of Adults in Canaan Village in the Formal Sector BanksLocation was the largest factor in Canaans choice in banks at 24%, and node service followed with 22%. Advertisements takeed 16% of respondents, whereas 13% were influenced by friends. two the respondents who chose at random and those who knew employees of banks earned 9% each. Unspecified reasons determined 5% of choices and agegroup appeal impacted only 2%. 23 adults in Canaan use banks 13% use them rarely, 26% pick up fortnightly, 30% periodic, and some other 30% weekly.Stock MarketOnly triplet res idents of Canaan are involved in the stock market, one influenced by friends, another chose at random and the third whose reason was unstated. Of the three residents who use the stock market, each used the service at different frequencies rarely, monthly and another unspecified time span.Credit UnionsInfluence of friends determined 21% of residents of Canaan choice in credit union, indefinite reasons following with 17%. Respondents who decided at random earned 13%, those who chose based on knowing an employee earning the same. Customer service and location earned 12% each, advertisements affect 8% and age group only appealed to 4%. The majority of respondents, to wit 35%, rarely use the services of a credit union. The reciprocal ohm most common time span, monthly, made up 24%. 18% use credit unions annually, and 12% chose based on unspecified reasons. 6% use services weekly and another 6% fortnightly.Unit TrustAdvertisements influence a quarter of Unit Trust members in the closur e of Canaan. Customer service, friends and unmentioned reasons alter 19% each and 18% of respondents were impacted by location, age group and knowing an employee equally. Of the Unit Trust members that reside in Canaan, 45% rarely use its services. Another 45% use it monthly, and or so 10%, fortnightly.Insurance CompaniesCustomer service influenced 24% of Canaans residents in terms of insurance companies, 19% were impacted by advertisements and age-appeal affected 14%. Respondents who knew employees made up 10%, and those whose reason was unspecified as well as formed 10%. Location and friends each earned 9%. 5% of choices were made at random. 40% of villagers who have insurance use it monthly and those that use it fortnightly, annually, and at unstipulated time intervals made up 20% of respondents each.Western UnionOf the people who use Western Union/Money chiliad in Canaan, an estimated 25%, were influenced by the node service, 25% were affected by location and another 25% by arbitrary selection. Unstipulated reasons determined 17% of villager choices and 8% personally knew an employee. The most common frequency at which the services of Western Union/Money Gram were used was monthly, earning 44%. One quarter of the remaining 56% of respondents used services rarely, another quarter, annually, another weekly, and the final uses the services in an unstated time period.Findings1. It has been run aground that 100% of the adults in Canaan that use services of the formal sector. 2. There was participation in the in informal sector. 3. The main factors affecting the involvement of residents of Canaan in the financial sector are location, influence of friends, customer service and location.4. To identify the association of adults with the formal sector of Tobago. 5. To determine the involvement of adults in the informal sector of Tobago. 6. To determine the factors affecting the involvement of adults in the financial sector.Recommendations1. One of the factors Institutions can appeal more to certain age groups.