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English definition of “small business”

small business

noun
 
 
COMMERCE
[C or U] a small company, or small companies as a group. A small business is often privately owned, does not employ many people, and has a low volume of sales: When you are a small business, bank charges really hurt. The tax changes will bring immediate benefits for small business.
(Definition of small business from the Cambridge Business English Dictionary © Cambridge University Press)
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