Governing Business Activity Essay Example | Topics and Well Written Essays - 1500 words - 1

Governing Business Activity - Essay Example Some argue that small businesses cannot exist without the help of big companies. Some others argue that small businesses can exist without any support from the big businesses. This essay makes an analysis of the given statement. For the purpose of arriving at a conclusion the given issues are concerned in detail. The main body of the essay will begin with an explanation of what a small business is. Further, an analysis is done about small businesses in terms of the range of industries where they operate. The next part will enumerate the extent of dependence of small businesses on the bigger ones. By detailed analysis of all these information in the main body, a conclusion is arrived at about the given topic. Small Business: There are several definitions for a small business. Small business is defined on the basis of ownership, nature of business and also the type of business that it performs. Some definitions state that small business is a privately owned business that operates in a very small market area. A small business contains relatively small number of employees. The sales volume of the business is usually small compared to that of the bigger counterparts. The mandatory requirements for a small business to be classified them as so, differs from one country to the other. The capital requirements for a small business in India will be completely different from that of China. Similarly, the employee requirements for a small business in US will be different from that of in US. Factors like quantum of sales, profit for a year, ownership, etc are other factors that define a small business. Small business contribute a large extend to the economy of a country. In some countries small busin esses are backbones of the economy. Small businesses are always found in close association with entrepreneurship for the very reason that many aspiring entrepreneurs begin their business as a small enterprise. What it means is that a small