Question

Highlight the role of the small business in promoting economic growth and solving other socio-economic problems.

Answer 1

Hey there

A central theme of the summit is the critical role played by startups and small businesses in creating jobs and spurring economic growth. Small and medium enterprises (SMEs) represent the vast majority of the business population in low-income countries (excluding micro firms and the self-employed). According to a recent study from the International Finance Corporation (IFC), SMEs account for more than half of all formal jobs worldwide, and their share of aggregate employment is comparable to that of large firms.

Hope this helps u frnd

Answer 2

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