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Significance of small businesses
Why are small businesses important to the economy?
Small businesses play a vital role in the economy by creating jobs, fostering innovation, driving competition, supporting local communities, and contributing to economic growth and stability. They often serve as a breeding ground for entrepreneurship and can have a significant impact on overall economic development.
How do small businesses contribute to job creation?
Small businesses play a significant role in job creation by providing employment opportunities in local communities. They often serve as a breeding ground for innovation and entrepreneurship, contributing to economic growth and creating a diverse range of jobs.
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