Problem Statement

Small businesses are critical in any economy since they contribute to the generation of employment opportunities in that country. The rate of unemployment in the world is a significant concern for many economies since it leads to poverty and other related impacts such as crime. Therefore, promoting the culture of small businesses by adopting the best initiatives is essential.

Literature Statement

Available literature reveals that small businesses can play a significant role in promoting economic development if proper initiatives are adopted. Countries can take actions that protect small businesses as recommended by various studies.