SOCIAL AND ECONOMIC NATURE OF SMALL BUSINESS
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Keywords

Small business, socio-economic impact, economic development, community engagement, innovation, employment, social cohesion.

How to Cite

SOCIAL AND ECONOMIC NATURE OF SMALL BUSINESS . (2024). Journal of Universal Science Research, 2(6), 351-355. https://universalpublishings.com/index.php/jusr/article/view/6391

Abstract

This article explores the socio-economic nature of small businesses, emphasizing their role in economic development, community engagement, and social cohesion. Through a detailed examination of their economic contributions and social impacts, the article highlights the importance of small businesses in fostering innovation, creating employment, and supporting local communities. The analysis is based on recent research and case studies that illustrate the multifaceted influence of small enterprises.

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References

Birch, D. L. (1987). *Job Creation in America: How Our Smallest Companies Put the Most People to Work*. Free Press.

Drucker, P. F. (1985). *Innovation and Entrepreneurship: Practice and Principles*. Harper & Row.

Audretsch, D. B., & Thurik, A. R. (2001). *What's New About the New Economy? Sources of Growth in the Managed and Entrepreneurial Economies*. Industrial and Corporate Change, 10(1), 267-315.

Schumpeter, J. A. (1934). *The Theory of Economic Development*. Harvard University Press.

Storey, D. J. (1994). *Understanding the Small Business Sector*. Routledge.Knight, F. H. (1921). *Risk, Uncertainty, and Profit*. Houghton Mifflin.

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.