The US has a massive number of small and medium companies. For example small part machining there are dozens per city.
43% of US GDP is small and medium size business. That’s effectively 50% of China’s entire GDP.
Sure China has more, but it also has 4x the population and an economy more focused on labor intensive industry.
The US has a massive number of small and medium companies. For example small part machining there are dozens per city.
43% of US GDP is small and medium size business. That’s effectively 50% of China’s entire GDP.
Sure China has more, but it also has 4x the population and an economy more focused on labor intensive industry.