describe the importance of small business in India give answers 40to60word
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Answer:
In every economy, small businesses are a million little integral parts of a lavish car which help the engine keep running but all that someone can see from the outside are the four tyres (i.e big corporations) that give the car speed. It is confirmed that 65-75% of the innovation in India come from the industry of small business. Let us learn about the vital role small businesses play in our economy and the problems they face.
Answer:
Hey mate here is your answer
Importance of small businesses for India. Though small in size, the small business generates money that helps in the economic growth of the nation. Small businesses are corporations, proprietorship's, partnerships that employee fewer people. ... Small business requires less capital than the larger establishments.The biggest advantage of small business is a generation of employment per unit of capital. Those people who sit idle during a particular period in a year, get a chance to work in these small businesses. This further helps to transform India’s image from a job-seeking nation to job-creating nation.
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