Ensuring Competitiveness in Small Business Enterprises and Assessing Their Impact on The Economy
Abstract
Ensuring competitiveness in small business enterprises is a crucial factor in fostering sustainable economic growth and innovation. This study explores key determinants of small business competitiveness, including access to financial resources, technological advancements, market positioning, and government policies. The research also examines various strategies that small businesses implement to maintain and enhance their competitive edge in dynamic market conditions. Additionally, the paper assesses the broader economic impact of small business competitiveness, focusing on employment generation, productivity improvement, and contributions to GDP growth. By analyzing both theoretical perspectives and empirical data, the study provides insights into effective mechanisms for enhancing the resilience and market adaptability of small enterprises. The findings aim to support policymakers and business practitioners in developing strategies that strengthen small businesses and maximize their economic contributions.
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