Asked by Tyson Fisher on May 12, 2024
Verified
Small businesses can be best described as ____, in relation to the economy.
A) surf boards
B) an anchor
C) thrill seekers
D) an engine
E) community crushers
Small Businesses
Businesses with limited revenue and number of employees, distinct from medium-sized and large enterprises.
Economy
The system of production, distribution, and consumption of goods and services within a specific geographical area.
- Gain insights into the characteristics and roles of entrepreneurs within the economy.
Verified Answer
DW
Dominique WomackMay 13, 2024
Final Answer :
D
Explanation :
Small businesses are often referred to as the engine of the economy because they contribute significantly to economic growth and job creation. They create competition in the market, drive innovation and enhance productivity.
Learning Objectives
- Gain insights into the characteristics and roles of entrepreneurs within the economy.