Importance of Small Businesses to the US Economy
Completion requirements
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- 2b Discuss the potential of a business to be profitable, when considering legal form of business, tax rates, and break-even analysis (CLO 3)
Exercise
How "small" is a small business? If a substantial portion of small businesses in the United States suddenly closed, what would be the impact on the U.S. economy? How would all these closings affect workers, consumers, and other businesses?