During turbulent times, small business formation is the primary process by which an economy recreates and reinvents itself.

Question

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Small business formation is essential during turbulent times because it fosters innovation, creates job opportunities, and boosts economic growth. As larger corporations may struggle during uncertain times, small businesses can step in to fill gaps in the market, adapt quickly to changes, and provide products or services that cater to changing consumer needs. Therefore, small business formation plays a crucial role in revitalizing and reinventing the economy during challenging times.

During Turbulent Times, Small Business Formation Is the Primary Process