Verified Expert

This paper reviews the impacts of small enterprises on the reduction of unemployment rate across different countries of the world. Definition of small enterprises varies from country to country and from time to time. These organizations plays a huge role in reducing the unemployment rate of a particular country. Unemployment arises due to disequilibrium in the economic conditions of the nation. Small enterprises can create more job opportunities because they are willing to take the risk and hire less skilled people in their workplaces. They provide on site training to develop the overall skills of the employees. These businesses offers an excellent way to develop the career of an individual by ensuring their personal development.