Despite their popularity,family-owned businesses are actually a small portion of the economy and contribute less than 25% of the GNP to the economy of the United States.

Question

Quizplus · Accepted Answer

This statement is false. According to a study by the Conway Center for Family Business, family-owned businesses contribute more than 50% of the nation's GDP and are responsible for creating 60% of the nation's employment.

Despite Their Popularity,family-Owned Businesses Are Actually a Small Portion of the Economy