Myths and Realities: Family Businesses’ Contribution to the US Economy — A Framework for Assessing Family Business Statistics

This article presents a framework for assessing commonly accepted family
business statistics, based on the criteria used to define a family business. Using
existing research from multiple fields and sources, a range is extrapolated
for the total number of family businesses in the US, their contribution
to Gross Domestic Product (GDP) and employment.

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