Why are small businesses important to the economy, and what overall impact to you think they make to the economy?
Small businesses are important to the economy because they provide opportunities for entrepreneurs and aspiring business owners. Small business invariably support other small businesses and keep money in local markets. In addition, small businesses are breeding grounds for great ideas.
If large corporations and conglomerates are essential to the survival of a nation, then small businesses are essential to the communities in which they operate. Without the small business landscape, there would be no opportunities for entrepreneurs and those wishing to start businesses. Remember, all big companies start small.
The different between large and small businesses can be clearly seen if you look at the example of restaurants. Consider...
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