Definition

Asked to define a "small business" last week, Alabama's Democrat John Sparkman, chairman of the Senate Small Business Committee, replied: "The Defense Department defines it as any plant that in itself and affiliates employs not more than 500. The Bureau of Census breaks down the definition into type of business, volume and number of employees. I have also heard that a small businessman is one who is not big enough to maintain a representative in Washington."

This file is automatically generated by a robot program, so reader's discretion is required.