Intro to Business › Section E · Entrepreneurship and small business › Topic E.3
Small business and economic growth
Almost every business in the United States is small, and small firms employ nearly half of private-sector workers. Defining "small", counting these firms and understanding their share of jobs and output shows why policymakers pay them so much attention.
In this topic
- What counts as a small business?
- Counting small businesses
- Worked example: reading the counts
- Their place in the economy
- Engines of job creation
- Survival rates
- Worked example: applying a size standard
- Why small firms matter
- Common mistakes to avoid
- Key takeaways
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