Economic Strength Analysis Based on Family in Labuhanbatu Selatan District

Abstract

Uneven economic stability causes a part of the population with limited economic conditions to become poorer because of the high needs of life that must be met. Micro, Small and Medium Enterprises (MSMEs) are the nation's economic base which can be an alternative choice to lift the country's economy from adversity. This study only uses four variables, namely the independent education variable (X1), training (X2), capital (X3) and technology (X4), and the dependent variable on economic resilience in society (Y). The population used in the study is the entrepreneurs (owners or managers) of SMEs that are spread in South Labuhanbatu Regency, amounting to 50 respondents. The sample selected uses purposive sampling to obtain primary data in this study, namely questionnaires and multiple regression analysis. Based on the results of the study, some conclusions can be drawn to answer the formulation of the problem namely education does not affect the economic resilience of the community. Training affects the economic resilience of the community. Capital does not necessarily affect the economic resilience of the community. Finally, technology is the most dominant variable affecting the economic resilience of the community.