Myths and Realities: Family Businesses’ Contribution to the US Economy–A Framework for Assessing Family Business Statistics
Department
Management and Entrepreneurship
Document Type
Article
Publication Date
6-1996
Abstract
This article presents a framework for assessing commonly accepted family business statistics, based on the criteria used to define a family business. Using existing research from multiple fields and sources, a range is extrapolated for the total number of family businesses in the US, their contribution to Gross Domestic Product (GDP) and employment.
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