TYPES AND FORMS OF SMALL BUSINESS AND ENTREPRENEURIAL ACTIVITY
Keywords:
Small business, entrepreneurship, private partnership, production, economic growthAbstract
The landscape of small business and entrepreneurial activity is diverse, encompassing various types and forms that reflect the dynamic nature of economic environments. This research explores the classification of small businesses, including sole proprietorships, partnerships, corporations, and cooperatives, each characterized by distinct legal structures, operational frameworks, and funding mechanisms. Additionally, it examines entrepreneurial activities ranging from traditional brick-and-mortar establishments to innovative startups leveraging technology for scalability. The study highlights the significance of micro-enterprises in local economies and their role in job creation, as well as the impact of social entrepreneurship aimed at addressing societal challenges. By analyzing case studies and current trends, this research aims to provide a comprehensive understanding of how different types of small businesses contribute to economic growth and community development while navigating challenges such as access to capital, regulatory compliance, and market competition.
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