Importance of Small Businesses to the U.S. Economy

Read this section to learn more about the importance of small businesses to the US economy.

LEARNING OBJECTIVES

  1. Define a small business.
  2. Explain the importance of small businesses to the U.S. economy.
  3. Explain why small businesses tend to foster innovation more effectively than large ones.
  4. Describe some of the ways in which small companies work with big ones.

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