Question

In the United States, minorities own _____ firms.

a.
1.3 billion
b.
8.9 million
c.
872,000
d.
5.8 million
e.
2.9 million

Answer 1

Slightly less than half of all workers are at large firms, and another 35% of workers are at small-scale businesses. The U.S. Census Bureau counted 5.7 million firms with employees in the U.S. economy in 2010.

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.

According to Table 7.1 from the U.S. Census Bureau in 2010, there were approximately 5.7 million firms with employees in the U.S. economy. However, this data 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.