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What percentage of businesses in the service sector are small?

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

1 Answer

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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.

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