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Importance of small businesses to economy, what can be done to boost growth

There has been a lot of global discussion about the role of small businesses in the development of economy, and particularly in light of new tariffs imposed by the Trump administration and, accordingly, by governments across Europe and Asia. Although many economists claim that small businesses are not in fact the backbone of economy, and that large corporations bring modernism to society, the importance of small businesses to the economy is undeniable and goes beyond the domain of direct contribution to revenues.

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