Preface introduction emerging relationships between public policies and small business by richard j judd and william t greenwood small business impacts on public policy issues public policy impacts on small business public policy implications for small business summary implications for small business and public policy selected bibliography . Small business is americas business federal regulations hurt small business state and local regulations are a growing burden in need of research advocates can defend small businesses small business is americas business more than 45 of us gross domestic product is driven by the small business sector. Different types of business risk exist in the economic market each risk carries different implications for business owners to overcome business risk can also result from overall economic conditions. The effects of regulation on economic activity are difficult to measure and thus too often are neglected in the debates over economic policy the world banks senior vice president and chief economist kaushik basu explains this is because regulations affect the nuts and bolts and plumbing in the economy the fundamental moving parts that are often too deep for us to see or notice. The code of federal regulations has grown to 175000 pages so its no wonder that small businesses cite regulatory burdens as one of their biggest challenges some regulations are more
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