Final answer:
Option (1), The statement that micropreneurs plan to start small and remain small is true. They typically operate businesses such as sole proprietorships or partnerships, focusing on sustainability rather than growth, and contribute to the overall economy through their niche market products and services.
Step-by-step explanation:
The statement, Micropreneurs are entrepreneurs who start small and plan to stay small, is True. Micropreneurs are indeed entrepreneurs, but they operate on a smaller scale. Unlike traditional entrepreneurs who may aim for significant growth and possibly expand to a larger scale, micropreneurs typically start their businesses with a small budget, often as a sole proprietorship or partnership, and their main goal is to operate at a manageable size without necessarily scaling up to become a large corporation.
Micropreneurs contribute to the business cycle and Gross Domestic Product (GDP) by creating goods and services and generating employment, albeit on a smaller scale. They might be less influenced by factors such as inflation and unemployment in comparison to larger businesses, as their operations are usually simpler and more adaptable to changing economic conditions. Their focus is often on maintaining a sustainable and profitable business that supports a certain lifestyle or fulfills a niche market demand.