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
Controls
|||
ALL TIME
JAN
FEB
MAR
APR
MAY
JUN
JUL
AUG
SEP
OCT
article

The role of small scale business in a creating employment

Zenodo (CERN European Organization for Nuclear Research)
Entrepreneurship Studies and Influences
article

The role of small scale business in a creating employment

article en

Abstract

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.

Zenodo (CERN European Organization for Nuclear Research)
Decent work and economic growth
Openalex Percentile: Top 44%
Entrepreneurship Studies and Influences
AI Navigator

Ask Laika to Summarize, Analyze, and Connect papers live on the map.

Summarize Papers & Methodologies

Extract key findings, datasets, and comparative methods across publications.

Benchmark Rankings & Visual Analytics

Rank top research institutions, authors, funders, topics, and journals by Field-Weighted Citation Impact (FWCI) and paper volume with instant charts.

Connect Distant Disciplines

Bridge topological clusters on the map to find hidden collaborative intersections.