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Read the statement below and respond to the prompt.

"Only five percent of all businesses are owned by the citizens of the country."

Type your response.

Sagot :

GinnyAnswer

Final answer:

The distribution of business ownership, economic disparities, and the concept of worker-owned enterprises in the U.S. economy.


Explanation:

Business Ownership Distribution: Only 5% of businesses in the country are owned by citizens, while the top 1% of households owns 35.4% of all privately held wealth. Immigrants account for 18% of business owners despite being 16% of the labor force.

Economic Disparities: A significant portion of economic activity is concentrated in a small number of large firms, with 182,000 out of 5.4 million businesses being large corporations operating multiple units.

Worker-Owned Enterprises: The number of worker-owned companies and community co-ops is increasing, with about 17 million people, or 12% of the U.S. workforce, employed in such enterprises.


Learn more about Business ownership and economic distribution here:

https://brainly.com/question/24180667


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