Economic Contribution of Small Business
Statistics on economic conditions favorably contributed by small businesses are based on U.S. setting. There are no available data on the specific economic contributions of small businesses in different country. Nevertheless, it is obvious that there are country that have micro and small enterprises are numerous and rampant. Market vendors, groceries, bakeries restaurants, repair shops and many other dominate our communities.
In all villages and towns, there are micro enterprises. Only very few communities have big enterprises. Most of them are located in the cities. Even without statistics, small business greatly contributes to the generations of jobs and incomes for many people. Hence, the thrust of the national government in the promotion of small enterprises throughout the country. Such business opportunities are accessible to the poor masses.