Small firms in Libya face challenges hindering growth and economic development.
Small businesses in Libya are important for economic growth and job creation. A study looked at what factors influence the growth of small manufacturing firms in Libya. They interviewed business owners and found that things like the owner's goals, education, and experience, as well as the firm's location and strategy, all play a role in how successful the business is. They also found that issues like a lack of skills and money, poor infrastructure, and corruption are common challenges for small businesses in developing countries.