Why are small businesses regarded vital for economic country?

[Fidelia]

Small businesses are always considered very important to the economic growth of a country. Most governments pay special attention to helping and boosting small businesses.

But come on, these businesses are small businesses. I thought the big companies are more important to economic growth since they generate more employment, pay higher tax and so on.

What makes small businesses to be considered vital to a country's economic growth?

 

[Goldynn89]

That's because small businesses not only boost the economy but improve the standard of living for everyone. If people can make their own money, there would be less demand for white collar jobs.

It's also a way to aid innovation and problem solving which would be left to the government if they don't aid small business owners.

 

[Bisolami]

It will help a lot of people to be able to make their money and I'm sure that there will be no problem with or about that

 

[Augusta]

Because they are always scattered every where and you see them more than big businesses. They are like the vital point for economic growth.

 

[Stardom22]

Actually the small business commonly known as the SMEs in the business language, are the ones holding the country's economies for sure. That is because most people are being involved in that kind of business activities.

 

[Kross]

The small businesses all contribute to provide employment to people in the economy and keep the business sphere competitive.