187k views
2 votes
What percentage of businesses in the service sector are small?

a. 71 percent
b. 51 percent
c. 31 percent
d. 11 percent

1 Answer

5 votes

Final answer:

Slightly less than half of all workers in private firms are at large companies, while 35% work for small-scale businesses with fewer than 100 workers.

Step-by-step explanation:

Slightly less than half of all the workers in private firms are at the 17,000 large firms, meaning they employ more than 500 workers. Another 35% of workers in the U.S. economy are at firms with fewer than 100 workers. These small-scale businesses include everything from dentists and lawyers to businesses that mow lawns or clean houses. Table 7.1 does not include a separate category for the millions of small “non-employer" businesses where a single owner or a few partners are not officially paid wages or a salary, but simply receive whatever they can earn.

User ShadyBears
by
8.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.