1. Analysing business opportunities in the Madang Lagoon area.
- Author
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Sumb, Allan
- Subjects
- *
BUSINESS planning , *LAGOONS , *INFORMAL sector , *SMALL business , *NEW business enterprises , *RENTAL housing - Abstract
This article reports on a study that explored income generating opportunities and activities for people living in the Lagoon area of Madang. A survey was conducted of people living in Siar, Sek, Kranket, and Riwo village communities. Males and females were equally represented in the sample. Almost all respondents reported working in the informal sector of PNG's economy with betel-nut and fish sales dominating other forms of income generation. However, the study found that people were taking advantage of being close to a major town and using their income to start small businesses such as public motor vehicles, accommodation rental, trade stores, fuel sales, alcohol sales and street stalls. The study explored people's reasons for starting businesses and their plans for future developments. [ABSTRACT FROM AUTHOR]
- Published
- 2015