Small businesses are celebrated and exalted as the hard-working, most deserving members of the political economy. They get tax breaks, and they’re touted as the engines of job creation.
But a basic question: What is a small business? It turns out there is no one definition.
Classifications Of Small
Are small businesses made up of just mom and pop shops? What’s the upper limit? When various agencies and groups that represent small businesses are asked, they aren’t in agreement about what “small” means.