THE CONCEPT OF SMALL BUSINESS AND ENTREPRENEURSHIP AND ITS UNIQUE UNDERSTANDING OF DEVELOPMENT
Abstract
This article explores the concept of small businesses and entrepreneurship, highlighting their critical role in economic and social development. It examines how small businesses, characterized by limited resources and a localized focus, contribute to job creation, innovation, and community growth. The article emphasizes the unique approach of small businesses and entrepreneurs towards development, which is rooted in sustainability, adaptability, and a focus on long-term impact. It also discusses the challenges faced by small businesses, including limited access to capital and regulatory barriers, and underscores the importance of fostering entrepreneurial ecosystems to enable sustainable development. By examining these facets, the article provides a comprehensive understanding of how small businesses and entrepreneurship drive both local and global development.
Keywords
small business, entrepreneurship, economic development, social development, innovation, job creation, sustainability, entrepreneurial ecosystem, business challenges, adaptability, social entrepreneurship.How to Cite
References
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