Business Studies, asked by khushi3888625, 11 months ago

importance of small business​

Answers

Answered by mjb133
2

Answer:

The importance of small business to local communities is emotionally rooted in buying and selling with friends and neighbors. The importance of small firms in rural areas and big cities also is seen in the economic benefits of shopping locally. In some towns and villages, a small business is the only type that can survive while serving a reduced population. In a big city, small businesses often offer a more diverse inventory or specialize in providing unique or personalized customer experiences. Small businesses also present new employment opportunities and serve as the building blocks of the United States' largest corporations.

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Answered by diksha8446
1

Answer:

Small scale industries are important because it helps in increasing employement and economic development of India

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