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Dependence on Credit by Rural Retail Firms Compared to Urban Firms

Published online by Cambridge University Press:  10 May 2017

William C. St. Clair  and
Ernest J. Nesius
William C. St. Clair
Affiliation:
Division of Resource Management, West Virginia University
Ernest J. Nesius
Affiliation:
Division of Resource Management, West Virginia University
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Extract

Retail firms in rural small towns survive because of the basic goods and services they provide to the residents in and within driving distance of the town. Yet, many small town firms have been forced to close due to migration of people to larger cities. The economic problems associated with the migration have caused federal and state governments to be deeply concerned. The remaining small retail firms do provide a foundation upon which to stimulate rural economic development and thus they are important to the nation's economy. They provide income and employment; they pay local property taxes, and they provide the personal interest of a small entrepreneur in the development of his community, a characteristic rarely found in the larger urban centers.

Type
Research Article
Information
Journal of the Northeastern Agricultural Economics Council , Volume 5 , Issue 2 , October 1976 , pp. 18 - 28
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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References

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