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Reflections: Small Businesses

Author

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  • Loretta J. Mester

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.

Suggested Citation

  • Loretta J. Mester, 2022. "Reflections: Small Businesses," Reflections by Loretta Mester, Federal Reserve Bank of Cleveland, vol. 2022(01), pages 1-13, April.
    • Handle: RePEc:fip:c00035:93939
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    File URL: https://www.clevelandfed.org/en/newsroom-and-events/reflections/rf-20220407-reflections-small-businesses.aspx
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