Investigation Of Informal Sectors Contribution To Local Economies, Considering Employment Generation And Community Development

Abstract

The importance of customizing enterprises to local economic development is the subject of this study report. The tailoring business, which is both historic and underappreciated, might play a major role in the creation of jobs and the improvement of local communities. This research takes a multi-faceted look at the social and economic effects of tailoring enterprises, including things like more jobs, improved skills, and stronger communities. A major focus of the research is community development, specifically looking at the ways tailoring companies are involved in various community programs and activities. Examining how these enterprises contribute to the general welfare of inhabitants, strengthen local efforts, and encourage a feeling of community is the focus of this paper's investigation of their social influence. The research also looks at how companies may be shaped to be sustainable development agents by raising awareness about environmental issues and encouraging ethical business practices. This study seeks to provide a thorough knowledge of the ways tailoring firms impact local economies by combining quantitative and qualitative data. Policymakers, entrepreneurs, and community leaders may use the data to understand why the tailoring industry is crucial for long-term job security and economic growth. In the end, this study argues that tailoring firms should be recognized more for the important role they play in the local economy and society.