Abstract

Small business is a relatively new economic category, which became politically necessary as economic activity flowed from owner-managed enterprises to managerial corporations. Historically, all business operated at a small scale and were centred on the individual artisan. Even now there are strong cultural affinities to individual enterprise. Over the centuries, business has emerged, legitimised by reflexive social notions of entrepreneurship and fuelled by regulated international free trade, competition, property rights and usury. In the process, society’s view of how this market structure serves the individual is increasingly depersonalised, demanding self-reliance and responsibility of the individual separate from the economic institutions that they work for. In this landscape, small businesses are increasingly important but relatively powerless. Questions concerning their future ultimately focus on the role they play in personal and social relationships.

Full Text
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