Respond to the following prompts. Your response should be at least 250 words for the assignment.
Part 1: Based on Forbes column from the readings list and any other resources you would like to consult, how do you think small businesses should be defined? Why does it matter how we define “small” business?
Part 2: Why is small business important to the economy?
Please cite at least three sources.
Part 1: Based on readings, specifically the Forbes column, how do you think small businesses should be defined? Why does it matter how we define small business?
Part 2: Based on this reading, how has the role of small business changed since 1953? Considering the changes in the economy and technology, how will the role of small business in our economy change over the next five to 10 years?