Are Small Firms Important? Their Role and Impact

Stephen Ackermann

ISBN 10: 0792384156 / ISBN 13: 9780792384151

Published by Springer US, Springer New York, 1999

About this Item

Druck auf Anfrage Neuware - Printed after ordering - Are Small Firms Important Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.

Seller Inventory # 9780792384151

Bibliographic Details

• Title: Are Small Firms Important? Their Role and Impact
• Publisher: Springer US, Springer New York
• Publication Date: 1999
• Language: English
• ISBN 10: 0792384156
• ISBN 13: 9780792384151
• Binding: Buch
• Condition: Neu
• Dimensions: 241W x 160H x 16D millimeters 241 millimeters width by 160 millimeters height by 16 millimeters depth
• Weight: 465 grams

About this title

Synopsis

Are Small Firms Important? Their Role and Impact proposes and supports the claim that small firms make two indispensable contributions to the economy. First, they are an integral part of the renewal process that pervades market economies. New and small firms play a crucial role in experimentation and innovation that leads to technological change, productivity and economic growth. Second, small firms are the essential mechanism by which millions enter the economic and social mainstream of American society. The public policy implications for sustained economic growth and social well-being is the continued high-level creation of new and small firms by all segments of society. It should be the role of government policy to facilitate that process by eliminating entry barriers, lowering transaction costs, and minimizing regulation.