The role of small scale business in a creating employment
Small-scale businesses play a crucial role in economic development by fostering job creation and contributing to overall employment. These enterprises, characterized by their limited size and often localized operations, are pivotal in absorbing labor, particularly in emerging economies and underserved regions. They provide opportunities for diverse job profiles, ranging from skilled to unskilled labor, thus addressing various aspects of the labor market. Additionally, small-scale businesses stimulate entrepreneurial activity, encourage innovation, and drive competition, which can lead to further employment opportunities. By reducing dependency on large corporations and enhancing economic resilience, small-scale businesses support sustainable economic growth and stability. This abstract explores the mechanisms through which small-scale enterprises create jobs, their impact on local economies, and the broader implications for employment strategies and policy-making.
Publication Details
- Journal
- Zenodo (CERN European Organization for Nuclear Research)
- Published
- 2024-11-06
- DOI
- https://doi.org/10.5281/zenodo.14044606
- Primary Topic
- Entrepreneurship Studies and Influences
- Type
- article
- Field-Weighted Citation Impact
- 0.00