Small Businesses
It is evident that small businesses contribute greatly to the economy. They supply to the economy by providing new innovations, and creating jobs, being responsible for more than half of Canada's employment. They also help the economy to reach several goals such as economic growth, full employment, and economic freedom. Small businesses also help the economy money-wise by all the investments and their starting of the multiplier effect. Entrepreneurship is also an opportunity for minorities, immigrants, and women, to be employed in order to reach the nations goal of full employment. But primarily, small businesses have such a positive impact on today's Canadian economy most importantly through innovation, job creation, and business investments. Small businesses, companies employing less than 50 people, are direct results of entrepreneurship. Entrepreneurship is defined as any attempt at a new business or new venture creation. This involves self employment and independence which leads to economic freedom, thus, resulting in innovation. Entrepreneurship entails being your own boss and making your own decisions, therefore, economic freedom. They have freedom in choices and final decisions for the company whereas in large corpo
When entrepreneurs start businesses, they create job opportunities. Not only are they making work, but they are also lowering the unemployment rate and starting a money multiplier effect. Small businesses are vital in today's Canadian economy. They create 75% of new jobs in Canada, while 97% of them have less then 50 employees. Along with medium-sized businesses, both sizes add up to account for 58% of total employment in the country. That means only a mere 25% of new jobs are created by larger business organizations. Small businesses are constantly being started, so new jobs are always being created. With larger businesses, there being less opening less frequently, once employment is at full swing, they won't be making drastic changes in employment unless they choose to expand their business or production. With companies in 1994 to 1998, that has fewer employees, already generating 9 million jobs, and thousands of female, immigrated, and minority entrepreneurs with less than 5 employees, creating over 1 million jobs, it is not obvious to see how much of an impact small businesses have on people of different ethnicity or gender; equal opportunity. People that wouldn't normally find jobs as easily can now find one in entrepreneurship, which in turn will help the nation's goal in achieving full employment. Small businesses today, reflects the diversity of Canada's population, including 37% of small businesses now being owned by women. But more importantly, it's not hard to see the huge effect small business have on unemployment rates. With employment at a high rate, there will, in turn, be a higher level in spending and consumption, which increases the circulation of money and starts a multiplier effect. That is, when there is an investment in a business who then hires and pays workers, who then go out and spend their earnings els
Some common words found in the essay are:
Currently Timothy's, , World Inc', Kitchener Ontario, economic freedom, money multiplier, business investment, job creation, innovation job creation, business investments, consumer spending, multiplier effect, innovation job, multiplier business, CONCERNED PACKAGES, economic freedom resulting, freedom resulting innovation, 58% total employment, economic freedom innovation, workers spend,
Approximate Word count = 1245
Approximate Pages = 5 (250 words per page double spaced)
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