Let's say if you are a small scale business owner and you are trying to get profit for yourself. It does create a great effect around you. For example, if your mom and pop drug store doing so well and make lots of profits. So who will benefit? You. Also, if you have staff member who work for you, they is too getting money. If you are renting that space your landlord. Bills? Taxes? Now, government make money too. And you'll probably go to clubs, drinks, computer, clothes, or may be car. So other benefits too. Just one successful business impact around you lots. If you multiply this "you" with thousands, each doing their own thing that profit them? It's great for everyone. Even if you are losing money or if you borrowed money from loaner. Then they are making money. So, these small scale business are pretty important for our economy. It's just a matter of who is willing to take risk.< Forget the last part, it just my point of view.
Hopefully, I answered the question. humm.
no
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.
role of government in the promotion of small and medium scale
Role of large scale industry?
Huge. Small businesses account for almost half of the jobs in the market, and increase the number every year by thousands.
no
it helps in employment source of income for the investor loaners also get the benefits new innovations can be found an increase in the gdp
the role of commercial banking in the development of nigerian economy
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.
role of government in the promotion of small and medium scale
Role of large scale industry?
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.
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.
lang yang yn,aq nga ung ngtatanong aq p psa2gutin !!ITLOG!
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.