Importance Of Small Business To The Economy

      

Importance Of Small Business To The Economy

  

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Faith
(a) Make significant contributions towards employment. In Kenya the rate at which Jua Kali sector is creating employment is encouraging.
(b) Small business provides the economy with financial vitality. Overhead costs are low and can respond to external changes faster than big ones. They are quick to adapt to changing demands.
(c) Small businesses are also a main source of innovation e.g. the Jua Kali sector with things like energy saving stoves.
Titany answered the question on October 26, 2021 at 13:18


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