Chapter

5.3. Small Business: Driving America's Growth*

From IntroductionToBusiness OP 8D04gAa

Concepts

1. How do small businesses contribute to the U.S. economy?

   "Although large corporations dominated the business scene for many decades, in recent years small businesses have once again come to the forefront. Downsizings that accompany economic downturns have c

2. What does the snapshot of small-business owners reveal about entrepreneurship?

   "Start-up activity has risen sharply over the last three years, from an all-time low of minus 0.87% in 2013 to positive 0.48% in 2016. Between 1996 and 2011, the rate of business ownership dropped for

3. What does the Kauffman Index of Entrepreneurship measure?

   "The Kauffman Index of Entrepreneurship series is an umbrella of annual reports that measures how people and businesses contribute to America’s overall economy. What is unique about the Kauffman repor

4. How are established small businesses distributed by industry and number of employees?

   "Small businesses in the United States can be found in almost every industry, including services, retail, construction, wholesale, manufacturing, finance and insurance, agriculture and mining, transpo