economics sba composition

Category: Finance,
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Financial news


An analysis into the participation of adults in the economical sector.

Reason for Investigation

The functions of this analysis are:

1 . To identify the association of adults together with the formal sector of Tobago. 2 . To look for the involvement of adults inside the informal sector of Tobago. 3. To determine the factors affecting the involvement of adults in the economic sector.

Ways of Investigations

The primary supply of information employed in this project is:

1 ) Questionnaire. Thirty-one questionnaires were distributed to residents of Canaan. All the persons responding were 20 and over.

Limitations Faced

Several limitations confronted are:

* Villagers misconception some of the concerns.

* Villagers not really taking the set of questions seriously.

* Finding responders to retrieve questionnaires was challenging since they are not known individually.

Presentation of Data

Factors Impacting Choice in Stock Market

Regularity of Use of Stock Market Assistance

Analysis and Interpretation of Data

Description of Financial System in Trinidad and Tobago

The financial system is a network of savers, buyers and finance institutions that work with each other to ensure that cost savings are transferred to investors.

The economic climate consists of two sectors: formal and simple. The formal sector comes with all the banking institutions that are controlled officially, such as, commercial banking companies, credit assemblage, central financial institution, stock exchange and insurance companies. The informal sector includes most financial activities that are not under official control, such as, sou sou, money lending. The functions with the Central Traditional bank are:

2. maintaining the exchange level of the regional currency

* only authorizing the issuing pounds

* acting since treasurer to government; making payments and receiving taxes

* acting as a bank to business banks by simply managing their banking systems

* assisting industrial banks which have been facing financial problems

* aiding development of cash markets

A commercial bank is actually a financial institution that is certainly engaged in funds transmission companies and is collectively owned by shareholders. In Tobago you will discover four commercial bank; 1st Citizens Lender, Scotiabank, Republic Bank and Royal Financial institution of Trinidad and Tobago. A credit union can be described as cooperative relationship whose users can obtain low-interest loans from other combined savings. There are seven credit assemblage in Tobago, these are; Lambeau Credit Union, Bethel Credit rating Union, Mt. Pleasant Credit Union, Thawe Credit Union, Whim Credit rating Union, Tunico Credit Union, Total Loge Credit Union, Runnemede Credit Union and People’s Credit Union.

The Trinidad and Tobago Device Trust Company is a mutual company that dominates the mutual fund market in Trinidad and Tobago. We have a branch in Scarborough, Tobago. The Western Union Organization is a finance and sales and marketing communications company. There are many locations in Tobago, which includes in Crown Point, Scarborough and Canaan. An insurance provider provides financial protection to get property, existence, health, etc ., against eventualities, such as loss of life, loss or damage. You will find insurance companies in Tobago; ScotiaLife, Colonial A life insurance policy Company, The Beacon and Guardian Existence. A stock exchange is an organized market facilitating the purchase and sale of securities, operated simply by professional traders. The Trinidad and Tobago Stock Exchange is found in Port-of-Spain.

Marketplace Structure

Industry Structure refers to the type of competition faced by firms within an industry. The four key market set ups are excellent competition, monopolistic competition, oligopoly and monopoly. | Number of Purchasers and Sellers| Knowledge| Form of Product| Power over Price| Barriers to Entry| Perfect Competition| Many potential buyers and sellers| Perfect| Homogeneous| Price Taker| No barriers| Monopolistic competition| Many purchasers and sellers| Imperfect| Differentiated| Price Setter| Low barriers| Oligopoly| Many buyers, couple of sellers| Imperfect| Homogeneous or differentiated| Price Setter| Excessive barriers| Monopoly| Many customers, one seller| Imperfect| Unique| Price Setter| Very high barriers|

Banks in Trinidad and Tobago belong to an oligopolistic market because there are few vendors and many customers. Credit assemblage are under a perfect competition market.

Unit trust is a monopoly.

Traditional western union is an oligopoly.

Insurance providers are oligopolies.

The stock exchange can be described as monopoly.

Involvement of Adults in Canaan Village in the Formal Sector Banks

Location was the most significant factor in Canaan’s choice in banks by 24%, and customer service followed with 22%. Advertisements afflicted 16% of respondents, although 13% had been influenced simply by friends. The respondents whom chose randomly and those whom knew workers of banking companies earned 9% each. Unspecified reasons decided 5% of choices and age”group charm impacted only 2%. Twenty-three adults in Canaan employ banks; 13% use them rarely, 26% check out fortnightly, thirty percent monthly, and another 30% weekly.

Wall street game

Only 3 residents of Canaan take part in the stock exchange, one affected by close friends, another select at random and the third whose reason was unstated. With the three occupants who utilize the stock market, every used the service by different eq: rarely, regular monthly and one more unspecified time period.

Credit Unions

Influence of friends decided 21% of residents of Canaan decision in credit rating union, everlasting reasons next with 17%. Respondents who have decided randomly earned 13%, those who decided to go with based on being aware of an employee getting the same. Customer support and location received 12% every, advertisements have an effect on 8% and age group just appealed to 4%. Nearly all respondents, specifically 35%, rarely use the services of a credit union. The second most frequent time span, monthly, made up 24%. 18% make use of credit assemblage annually, and 12% selected based on unspecified reasons. 6% use solutions weekly and another 6% fortnightly.

Product Trust

Adverts influence one fourth of Product Trust members in the town of Canaan. Customer service, close friends and unmentioned reasons afflicted 19% every and 18% of respondents were impacted by location, age bracket and understanding an employee evenly. Of the Product Trust people that stay in Canaan, 45% rarely employ its providers. Another 45% use it month-to-month, and about 10%, fortnightly.

Insurance Companies

Customer satisfaction influenced 24% of Canaan’s residents with regards to insurance companies, 19% were influenced by advertisements and age-appeal afflicted 14%. Participants who realized employees made 10%, and others whose purpose was unspecified also shaped 10%. Area and good friends each received 9%. 5% of options were made at random. 40% of villagers that have insurance make use of it monthly and the ones that use it fortnightly, annually, and at unstipulated time times made up twenty percent of participants each.

Western Union

From the people who employ Western Union/Money Gram in Canaan, an estimated 25%, had been influenced by the customer service, 25% were troubled by location and another 25% by irrelavent selection. Unstipulated reasons determined 17% of villager alternatives and 8% personally understood an employee. The most common frequency at which the services of Traditional western Union/Money Gram were used was ‘monthly’, earning 44%. One quarter of the staying 56% of respondents employed services hardly ever, another one fourth, annually, another weekly, plus the final uses the services within an unstated time frame.


1 . It has been located that 100% of the adults in Canaan that use solutions of the formal sector. 2 . There was participation in the in informal sector. 3. The main factors influencing the participation of residents of Canaan in the monetary sector happen to be location, influence of good friends, customer service and location.

4. To identify the relationship of adults with the formal sector of Tobago. a few. To determine the engagement of adults in the casual sector of Tobago. 6th. To determine the factors affecting the involvement of adults in the financial sector.


1 ) One of the factors Institutions can easily appeal even more to certain age groups.


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