What is the total number of businesses in the (UK) economy? - 500,000
- 2M
- 4M
- How many are ‘large’ i.e. employ over 250 people?
- 1M
- 100,000
- 7000
- How many businesses employ others?
- 1.2M
- 3M
- 800,000
- What percentage of the private sector workforce is employed in small firms of less than 50 employees?
- 12%
- 65%
- 47%
- How many businesses start up every year?
- 250,000
- 400,000
- 50,000
- How many businesses close down every year?
- 250,000
- 400,000
- 50,000
- According to the European Commission’s definitions, how many employees does a ‘micro’ business have?
- 1 to 10
- 0 to 9
- 0 to 49
- How many employees does a ‘small’ business have?
- 0 to 25
- 1 to 50
- 10 to 49
- How many employees does a ‘large’ business have?
- 250 or more
- 100 or more
- 500 or more
- The theory that assumes capitalist economies are dominated by large monopolistic firms is called
- Free market theory
- Marxist theory
- Green theory