Small firms account for 43.5% of the US gross domestic product and two-thirds of new jobs (GDP).
Small businesses not only maintain the economy but also set the standard for innovation. In comparison to large patenting companies, small enterprises issue 16 times more new patents per employee. Small firms are adaptable enough to quickly change with the changing dynamics of the global economy. They can also use technology and outsourcing companies, which enable small enterprises to carry out the same tasks as larger ones without having to make a capital investment.
Global corporations have developed into a platform for fostering cross-cultural understanding, fresh idea exchange, greater government-to-government communication, and better goods and services. Globally, there are billions of individuals whose quality of life is impacted by multinational corporations.
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