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3. Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy.

3. Interpret and assess relevant data and statistics to illustrate how micro and small businesses impact on the economy.
format
a) definition of SME
b) impact of SME on the global economy
c) impact of SME on organisation for Economic Co- operation and Development (OECD) countries.
d) impact of SME on European Union
e) impact of SME on emerging economies such as China and India
WITH EXAMPLES
4. Explain the importance of small businesses and business start- ups to the growth of the social economy. consider their importance locally and nationally.
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