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Small business drives the U.S. economy by providing jobs for over half of the private workforce. Moreover, the latest figures show that small business with fewer than 20 employees increased employment by 853,074 during 2001-2002.So,it plays very important role in US economy.
Huge. Small businesses account for almost half of the jobs in the market, and increase the number every year by thousands.
Businesses are the growth engine of the most successful economy...
Small businesses are vital in today's economy because many of the revenue obtained by the government are from business taxes. In addition, since we are currently in a Global Financial Crisis which is affecting nearly everyone around the world, the existence of small businesses can stimulate the economy and hopefully improve the economies all around the world. Finally small businesses are important because it can provide more job opportunities for people so that the unemployment rate is low.
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Small business drives the U.S. economy by providing jobs for over half of the private workforce. Moreover, the latest figures show that small business with fewer than 20 employees increased employment by 853,074 during 2001-2002.So,it plays very important role in US economy.
Francis Chittenden has written: 'The impact of UK Vat registration threshold on the small business economy' 'Taxing technology based small firms' 'Role of the accountancy profession in the growth and development of small businesses'
A small business or cottage industry may be defined as an enterprise or series of operations carried on by a skilled workman in the craft on his responsibility. It helps the economy in promoting balanced development of industries across all the regions of the economy.
What is the role of small business to Ethiopian economy?As one of the emerging economies the role of small business in Ethiopia is immense.Here is a resources for small business ideas in Ethiopia,400 business ideas in Ethiopia in detail athttps://sites.google.com/site/projectethio/home
Huge. Small businesses account for almost half of the jobs in the market, and increase the number every year by thousands.
Businesses are the growth engine of the most successful economy...
The role of business is huge with the economy in the United States. A big role is generating jobs and income for citizens who in turn put earnings back into the system.
Small businesses are vital in today's economy because many of the revenue obtained by the government are from business taxes. In addition, since we are currently in a Global Financial Crisis which is affecting nearly everyone around the world, the existence of small businesses can stimulate the economy and hopefully improve the economies all around the world. Finally small businesses are important because it can provide more job opportunities for people so that the unemployment rate is low.
1. It contributes to the growth of the economy.
Humbert O. Nelli has written: 'The insurance business and its role in the economy and growth of a state' -- subject(s): Insurance companies 'The private insurance business in the United States economy' -- subject(s): Economic conditions, Insurance
The role of money in an economy is very critical as money serves as the backbone of the economy. The economy is actually measured using the monetary value of a nation's currency and money is the main medium of exchange in all type of trade.