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Why should public support be given to the small business sector? Discuss with reference the policies of your own country.
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Why should public support be given to the small business sector? Discuss with reference the policies of your own country. Introduction Although, there are more and more multination companies are existing, they cannot replace the important role of the small business within a country. For example, Hong Kong Government believes that "Small and medium enterprises (SMEs) have always been a pillar on Hong Kong's economy"(www.business.gov.hk). Bannock, 1981 suggested that small firms work more efficiency in using resources than large firms and they survive in large numbers in every country under the competition with larger firms. Ancrum 1985 confirmed the statement according to a survey by the Confederation of British Industry. He pointed out small firms have more efficient levels than large firms. Many people may think that the growing of the multinational companies may make the small business become less important, but the most government will consider small business as the...
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