Question

Why are small businesses important to a country's economy?
A. They give an outlet for entrepreneurs
B. They can provide specialist support to larger companies
C. They can be innovators of new products
D. All of the above

Answer 1

Explanation:

answer b is correct read it this will help u

Answer 2

(D).(All of the above) Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established.

Explanation:

• Small businesses also help stimulate economic growth by providing employment opportunities to people may not be employable by larger corporations.
• Small businesses, start-ups and entrepreneurs are some of the most important influencers of economic growth because, in any economy, they represent more than 90 per cent of all employers and create 60 to 80 per cent of all new jobs, annually.
• In 2018, there were 30.2 million small businesses in the US, which represented 99.9 per cent of all businesses in the country, employing about 58.9 million people.
• Out of the total small business, 39 per cent were owned by women, who contributed to eight per cent of employment and generated 4.2 per cent of the revenues.
• According to a survey by Randstad Work monitor, entrepreneurial ambition was the highest in India with 83 percent of the Indian workforce wanting to be entrepreneurs.