The Importance of Small Enterprises in the United States

Many people want to live the â€Å"American Dream†, and what better way to do that than to start a small business. Small businesses are incredibly important to the United States economy. Small businesses have been around from the beginning of the history of the U.S. and remain a large portion of the business community today. Small businesses are the driving force for job creation. Small businesses struggle to meet regulations set in place by the government and at the same time stay afloat in the U.S. economy. There are strict size standards set in place that make small business owners weary of expanding the amount of people they employ. Small business owners also struggle with offering healthcare to their employees. Small businesses try to stay ahead by introducing new and unique products. In an ever-changing economy, it is important to understand the impact of small businesses in the United States. Small business has always had an impact on the economy of the United St ates. Small businesses were the most common businesses in the first century of the established country. Antitrust laws such as the Sherman Act and the Clayton Act were put into effect in order to protect small businesses from big businesses taking over (Blackford, 2003). Over time, as businesses grew, there was an emergence of large firms. Even with the expansion of these larger businesses, small businesses continued to exist. The U.S. Small Business Administration (SBA) was created in 1953 by CongressShow MoreRelatedChapter One Of Esty And Winston’S Research Novel, â€Å"Green1081 Words   |  5 Pagesof the depletion of natural resources. In the past, companies were viewed as simple money-making enterprises; their only purpose was to provide goods and services to the masses. They were held to virtually no responsibilities to the public outside of that goal. In recent year, however, the viewpoint on a company’s duty to both local and global community has immens ely shifted. 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