Bus 100 ( Introduction To Business)

IMPORTANCE OF SMALL BUSINESSES TO US ECONOMYUS providence is not control by cosmic corporations as the popular notion is only by small jobes ( downhearted trading , nd . atrophied business make an important persona to the US economy as these bring innovation , are more tensile in responding to consumer de troopsd and more receptive to opportunities for women and minorities as hearty as for activities in areas of distress (Leebaert , 2006 . miniature businesses create a reaping cycle generated by self employed entrepreneurs which contribute to dun growth by challenging , existing technologies as headspring as br management practices . The enterprising approach leads to a gradual expansion of economy through the agility displayed by the young entrepreneurs . Such businesses overcome the needs of large quantum of ne ighboring(a) payment and buying power of big corporations , thereby facilitating multi rate growthThe parting of small business to US economy throw out be gauged by the feature that it makes up for 99 .7 distribute of US employers who have less than 500 employees , generates over 50 part of the non farm output of the economy and employs almost 50 per centumage of the non governmental jobs in the regular army annually . Small businesses overly form 97 percent of exporters and produce 29 percent of the export value of US goods , which is a sizable contribution to the overall US economy as 25 percent of its growth is based on exports .

The businesses amount to 1! 2 gazillion (Leebaert , 2006The significance of small businesses to US economy is also highlighted by the fact that these are the beginnings of large businesses as is shown by the natural exertion of Apple Computers which began as a three man first step . The vastness is also indicated by the fact that these come through deferral products which large attempts cannot or are not inclined to provide (Leebaert , 2006 . Thus the overall importance of small businesses lies in their large contribution to employment exports , enterprise and growth to the US economyReferencesLeebaert , 2006 . How Small Businesses Contribute to U .S . economic Expansion . HYPERLINK hypertext transfer protocol /usinfo .state .gov /journals /ites /0106 /ijee /ijee0106 .htm eJournal USA : Economic Perspectives , January 2006 . HYPERLINK http /usinfo .state .gov /journals /ites /0106 /ijee /leebaert .htm (8 http /usinfo .state .gov /journals /ites /0106 /ijee /leebaert .htm (8 July 2006Small Busin ess . Nd . HYPERLINK http /usinfo .state .gov /products /pubs /oecon /chap4 .htm (8 http /usinfo .state .gov /products /pubs /oecon /chap4 .htm (8 July 2006...If you want to get a full essay, briskness set it on our website: OrderCustomPaper.com

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