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Sage Social Science Thesaurus

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social science subjects > business and management > entrepreneurship > small and medium enterprises > small business
... > social science subjects > business and management > sociology of work > sociology of work encyc > occupations and professions, labor processes, jobs, and careers > small and medium enterprises > small business
... > social science subjects > sociology > sociology of work > sociology of work encyc > occupations and professions, labor processes, jobs, and careers > small and medium enterprises > small business

Preferred term

small business  

Definition

  • Small businesses, also commonly referred to as micro enterprises, employ millions of workers worldwide. In the United States alone, employment by small businesses accounts for about half of the U.S. private sector workforce; just under half of the nonfarm, annual gross domestic product; and about 40 percent of the private payroll, according to the U.S. Small Business Administration in 2012. [Source: Sociology of Work: An Encyclopedia; Small Business]

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https://concepts.sagepub.com/social-science/concept/small_business

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