What Is a Small Business?
This paper argues that a definition of small business is important for both research and governmental policy. A chronological history of definitions is discussed along with their limitations. A new definition of small business is advocated when a business has personal guarantees and has no public stock. This definition is measurable, meaningful, and congruent with the perceptions of the market system.
Volume (Year): 2 (1993)
Issue (Month): 3 (Summer)
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