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Many studies have been undertaken and have identified numerous problems as being associated with small businesses, such as lack of finance and access to it, lack of market information, lack of managerial skills and many others. The lesson is never to start a small business which lacks growth potential. If market participants had perfect information, all market activity would be perfectly coordinated and there would be no profit opportunities nor a role for profit-seeking entrepreneurs.

Pages: 85

ISBN: B01EGXFXFS

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