answersLogoWhite

0


Best Answer

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.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is the role of small business in the us economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How is US economy a capitalised economy?

private business ownership


What role does the government play in the US economy?

It defends the interests of the one percent, the capitalist class.


How does the retailing help the economy of the Philippines?

it help us in our business


During the 1920s the us economy was in what phase of the business cycle?

expansion


Which area of the US economy had the biggest boost after World War 1?

Companies that produced goods


What effect did new technologies and business growth have on the US economy?

They helped better the economy and produced more tools. For business, it kept all the factories in content


What is the role of entrepreneurship in the economy of the US?

Its HUGE for ANY economy and if MORE people were one the financial problem would be no more!


What roel does the US legal system play in business regulation?

The US legal system plays a crucial role in business regulation by setting the rules and standards that businesses must follow to operate legally. It provides a framework for resolving disputes, enforcing contracts, and ensuring fair competition. The legal system also helps protect consumers, employees, and the environment by holding businesses accountable for their actions.


One effect of monopolies on the US economy is that they have tended to?

reduce business competition


Which part of the US economy had the biggest boost after world war 2?

business


Why do corporations operate as the core of the US economy?

The US has a capitalistic economy that is based on business innovation and competition. Corporations are the ones that drive a capitalist economy.not helpful


What are options for sba loan help and who provides it?

The US Small Business Administration is the go to place to answer all of you small business loan questions. The US Small Business Administration finds resources for small business owners to help achieve the small business goals. SBA does not provide the direct loan, but they are who backs the banks to do so.