Small Business Economics

Small Business Economics studies how small companies operate within the broader economy. It examines factors like how they compete, make decisions, and respond to market changes. The field looks at issues such as resource management, pricing strategies, and growth challenges unique to small businesses. Understanding these dynamics helps policymakers and entrepreneurs support small businesses, which are vital for innovation, employment, and economic diversity. Ultimately, it provides insights into how small companies contribute to overall economic health and resilience.