'Economics Sba Essay\r'

'Title:\r\nAn analysis into the involvement of adults in the pecuniary field.\r\nPurpose of Investigation\r\nThe purposes of this research atomic number 18:\r\n1. To identify the association of adults with the semi full-dress welkin of Tobago. 2. To line up the involvement of adults in the everyday sector of Tobago. 3. To crack the factors regarding the involvement of adults in the financial sector.\r\nMethods of Investigations\r\nThe chief(a) source of information wasting diseased in this drop is:\r\n1. Questionnaire. Thirty-one questionnaires were distributed to endurents of nirvana. All the persons responding were eighteen and over.\r\nLimitations Faced\r\n around limitations faced atomic number 18:\r\n* Vill daysrs misunderstanding some of the questions.\r\n* Villagers non taking the questionnaire seriously.\r\n* Locating responders to retrieve questionnaires was difficult since they were not known person all(prenominal)y.\r\nPresentation of Data\r\nFactors Affe cting excerption in Stock Market\r\nFrequency of procedure of Stock Market Service\r\nAnalysis and interlingual rendition of Data\r\nDescription of Financial System in Trinidad and Tobago\r\nThe financial system is a network of savers, investors and financial institutions that work together to ensure that savings argon transferred to investors. The financial system consists of two sectors: formal and informal. The formal sector includes all the financial institutions that be set ex officioly, such(prenominal) as, mercenary banks, recognize unions, central bank, demarcation telephone exchange and insurance companies. The informal sector includes all financial activities that are not under official control, such as, sou sou, money lending. The functions of the Central Bank are:\r\n* maintaining the exchange rate of the local currency\r\n* alone authorizing the issuing of money\r\n* acting as financial officer to government; making payments and receiving taxes\r\n* acting as a banker to commercial banks by managing their banking systems\r\n* assisting commercial banks that are confront financial problems\r\n* assisting development of money markets\r\nA commercial bank is a financial institution that is industrious in money transmission operate and is conjointly owned by shareholders. In Tobago there are four commercial bank; First Citizens Bank, Scotiabank, res publica Bank and Royal Bank of Trinidad and Tobago. A credit union is a cooperative association whose members put up obtain low-interest loans from their combined savings. at that place are 9 credit unions in Tobago, these are; Lambeau opinion total, Bethel doctrine wedlock, Mt. Pleasant Credit wedding, Thawe Credit Union, Whim Credit Union, Tunico Credit Union, Total Holdings Credit Union, Runnemede Credit Union and People’s Credit Union.\r\nThe Trinidad and Tobago building block assurance Corporation is a plebeian company that dominates the mutual fund market in Trini dad and Tobago. There is a branch in Scarborough, Tobago. The westward Union fellowship is a financial go and communications company. There are several places in Tobago, including in upper side Point, Scarborough and heaven. An insurance company provides financial protection for property, life, health, etc., against contingencies, such as death, loss or damage. There are insurance companies in Tobago; ScotiaLife, Colonial Life amends 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 Exchange is located in Port-of-Spain.\r\nMarket Structure\r\nMarket Structure refers to the suit of competition faced by firms in an industry. The four main market structures are perfect competition, monopolistic competition, oligopoly and monopoly. | No. of Buyers and Sellers| Knowledge| Type of Product| authority of scathe| Barriers to Entry| Perfe ct Competition| many buyers and sellers| Perfect| Homogeneous| Price Taker| No barriers| noncompetitive competition| Many buyers and sellers| feeble| Differentiated| Price compositor| Low barriers| Oligopoly| Many buyers, few sellers| faint| Homogeneous or differentiated| Price Setter| High barriers| Monopoly| Many buyers, one seller| Imperfect| Unique| Price Setter| Very graduate(prenominal) barriers|\r\nBanks in Trinidad and Tobago fall under an oligopolistic market beca social function there are few sellers and many buyers. Credit unions are under a perfect competition market.\r\nUnit trust is a monopoly.\r\nWestern union is an oligopoly.\r\n redress companies are oligopolies.\r\nThe stock exchange is a monopoly.\r\n involution of Adults in Canaan Village in the ceremonious Sector Banks\r\nLocation was the largest factor in Canaan’s choice in banks at 24%, and customer service followed with 22%. Advertisements affected 16% of respondents, whereas 13% were influenced by friends. Both the respondents who chose at haphazard and those who knew employees of banks take in 9% each. Unspecified reasons unyielding 5% of choices and ageâ€group appeal wedged lonesome(prenominal) 2%. Twenty-three adults in Canaan usance banks; 13% use them rarely, 26% visit fortnightly, 30% monthly, and another 30% weekly.\r\nStock Market\r\n entirely three residents 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 use the service at different frequencies: rarely, monthly and another unspecified sequence span.\r\nCredit Unions\r\nInfluence of friends determined 21% of residents of Canaan choice in credit union, indefinite reasons adjacent with 17%. Respondents who decided at random earned 13%, those who chose base on knowing an employee earning the same. guest service and location earned 12% each, advertisements affect 8% and age group only appealed to 4%. The majority of respondents, namely 35%, rarely use the services of a credit union. The second close crude 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.\r\nUnit pull\r\nAdvertisements influence a quarter of Unit invest members in the village of Canaan. Customer service, friends and unmentioned reasons affected 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. other 45% use it monthly, and approximately 10%, fortnightly.\r\n insurance Companies\r\nCustomer service influenced 24% of Canaan’s 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 also make 10%. Loc ation and friends each earned 9%. 5% of choices were made at random. 40% of villagers who provoke insurance use it monthly and those that use it fortnightly, annually, and at unstipulated time intervals made up 20% of respondents each.\r\nWestern Union\r\nOf the people who use Western Union/Money Gram in Canaan, an estimated 25%, were influenced by the customer 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.\r\nFindings\r\n1. It has been found that degree Celsius% of the adults in Canaan that use services of the formal sector. 2. There was participation in the in in formal 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.\r\n4. 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.\r\nRecommendations\r\n1. One of the factors Institutions can appeal more to certain(a) age groups.\r\n'