Describe how small businesses help create new jobs.

Question

Quizplus · Accepted Answer

The Answer is Small businesses make tremendous contributions to the U.S.economy and to society as a whole.One impressive contribution is the number of new jobs created each year by small businesses.While it varies from year to year,on average two of every three new jobs are created by companies with fewer than 500 employees.A significant share of these jobs is created by the smallest companies,those with four or fewer employees.Several provisions of the recent Small Business Jobs Act may help give a further boost to these job numbers by raising the dollar amount of small business loans available to companies.¹⁴

Describe How Small Businesses Help Create New Jobs