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[SCAMEXPOSER]

In every economy of a Nation, small businesses , medium scale and large scale businesses exist each with her capital benchmark, this shows the level of participation at each stage .

Small businesses with capital range of $50 - $1000 stirs the economy more because there are huge number of people at this level , they deal more on daily commodity, the continuous exchange of goods and services within a short easily boost their capital, they rarely operate on credits not commission so profit is kinda huge and those with good forecast easily grow and expand the economy. They are easily funded by government as a result of capital base.

 

[yourenglishcafe]

A capital range of $50 - $1000 is a tiny business not a small business. I don't know the exact definition (and it would be different in different countries anyway) but even businesses with hundreds of thousands of dollars in capital are considered small.

I agree with your point though, small businesses are often described as the lifeblood of the economy.

 

[SCAMEXPOSER]

A capital range of $50 - $1000 is a tiny business not a small business. I don't know the exact definition (and it would be different in different countries anyway) but even businesses with hundreds of thousands of dollars in capital are considered small.

I agree with your point though, small businesses are often described as the lifeblood of the economy.

I don't know if in economics or in the system of.your government there is anything like tiny business, I have known them to Small, medium and large depending on the capital base. Remember small businesses are very affordable and that is why I mentioned $50 upward.

 

[Reznov]

Every single existing business contribute with something to the community, especially when it's running smoothly, which means it's going to upgrade sooner or later, more taxes to pay and more people to hire

 

[Brain]

Though I believe all businesses wherher big or small contribute to the economy but small businesses do more since there are so many of them and they tend to work harder maybe to become established than the large scale businesses.

 

[westmania]

Though I believe all businesses wherher big or small contribute to the economy but small businesses do more since there are so many of them and they tend to work harder maybe to become established than the large scale businesses.

Small businesses have relarively less risks. Capital can be scaled later after it get a growth. Business success depends on many facts and admin need a good mentality to hold troubles as well.

 

[Brain]

Small businesses have relarively less risks. Capital can be scaled later after it get a growth. Business success depends on many facts and admin need a good mentality to hold troubles as well.

Maybe the less risks involve is why a lot of people go into it and thus helping the economy to grow as well. Yes, Capital become bigger as the business spurt because of growth.

 

[SCAMEXPOSER]

Maybe the less risks involve is why a lot of people go into it and thus helping the economy to grow as well. Yes, Capital become bigger as the business spurt because of growth.

The rate of turnover in small businesses tends to be higher there by bringing more money to the economy, for instance someone selling onions sells faster than someone selling generators .

 

[westmania]

The rate of turnover in small businesses tends to be higher there by bringing more money to the economy, for instance someone selling onions sells faster than someone selling generators .

very good real life example. another reason is number of small businesses are enormous compared to large businesses. And they do contribute a lot.

 

[SCAMEXPOSER]

Yeah, it is affordable, less risky and scalable. What most under developed countries don't realize is that developed countries had their ways by investing more on small and medium business.

 

[Brain]

The rate of turnover in small businesses tends to be higher there by bringing more money to the economy, for instance someone selling onions sells faster than someone selling generators .

You are so right because I have first hand experience. Bigger products are sold at a slow pace and it seems that is why allot of businesses are in the small and medium level.

 

[SCAMEXPOSER]

People who are reach and can withstand the patient of their capital being tie down engage in big businesses while those with floating capital run small businesses, it just like a pyramid program.

 

[freelancermariagrace]

More and more small businesses open every year. The reason is the risk is lesser compared to medium and large scale businesses. And even without capital, you can start your own business at the comforts of your couch.

 

[Balint098]

But now, because of Covid, nearly all small businesses all over the world felt the pain, and many of them may never again open their doors.

 

[1FALCON]

In every economy of a Nation, small businesses , medium scale and large scale businesses exist each with her capital benchmark, this shows the level of participation at each stage .

Small businesses with capital range of $50 - $1000 stirs the economy more because there are huge number of people at this level , they deal more on daily commodity, the continuous exchange of goods and services within a short easily boost their capital, they rarely operate on credits not commission so profit is kinda huge and those with good forecast easily grow and expand the economy. They are easily funded by government as a result of capital base.

yes true,thats the reason why the UAE is investing too much for SME

 

[SCAMEXPOSER]

UAE is a fast developing country arround the world at the moment, investing in Small and medium enterprises is an area every underdeveloped countries should focus on.

 

[1FALCON]

UAE is a fast developing country arround the world at the moment, investing in Small and medium enterprises is an area every underdeveloped countries should focus on.

yes,but the UAE wise leader are thirsty for more economy growth

 

[SCAMEXPOSER]

yes,but the UAE wise leader are thirsty for more economy growth

If the already invested plans are yielding positive results the leaders will definitely be thirsty for more ways to grow their economy so they can match with other developed countries.

 

[1FALCON]

yes but i hope all the underdeveloped countries will be successful...so there are no poverty anymore

 

[Balint098]

yes but i hope all the underdeveloped countries will be successful...so there are no poverty anymore

I believe we all hope so since very country deserve a chance to be successful. But then, reality is oftentime far from ideal and sadly there's not much we can do right now.