Explain the importance of small businesses to the American economy.

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Explain the importance of small businesses to the Americaneconomy.

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From job creation to generating revenue small businesses are invaluable and also supporting local economies across the country they also make an incredible impact on Americas overall economy Big businesses may dominate the stock markets but small businesses create new job opportunities generate revenue and drive economic growth in countries like America The following are important factors of small businesses Competition Small Businesses inject new competition in local markets or into previously stale markets For example if a farmer may be able to offer cheaper produce because he doesnt have to spend money on shipping In that case an agile See Answer

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