General Discussion
In reply to the discussion: The Tennessee family that won the powerball are hard working people BUT. [View all]hfojvt
(37,573 posts)they define it in a way that makes fairly large businesses into "small" businesses.
My question is about the practical meaning of the term. When politicians talk about small businesses or when the media does - what do people think of? I doubt very much that people are thinking of the technical definition.
My guess is that people are thinking of the same thing I would think of - a "mom and pop" store with half a dozen employees or something about that size. They are NOT thinking of a place with 100 employees (or more) or 30 million in capitol.
The trouble with that term is that politicians are always talking about policies to favor "small businesses" and just like supposed "middle class" policies, they end up giving most of their help to pretty large businesses and pretty rich people.