The economics of scale: The Amazon, Airtel, and Apple of tomorrow is a small business today

Across the developed and emerging world, a common policy aspiration is support of small businesses. Small businesses are critical to job creation and make significant contributions to economic activity. Small business owners, from the local shopkeeper to the small factory operator, are pillars of their communities. However, the primary objective of economic policy is to create good jobs and provide affordable goods and services for consumers.