Periodic Essay

Reflections: Small Businesses

Abstract: An enviable aspect of the U.S. economy around the globe is our spirit of innovation, entrepreneurship, ease of business entry and exit, and labor market flexibility. These are key attributes of a dynamic economy, one that offers opportunities for people to live good and productive lives. Entrepreneurship – setting up and running one’s own business – has always been part of the narrative of the American dream, an avenue to creating and growing wealth, contributing to the community, and leaving a legacy for one’s family.

Keywords: small business; access to credit; entrepreneurship;

Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Reflections by Loretta Mester

Publication Date: 2022-04-07

Volume: 2022

Issue: 01

Pages: 13