Final answer:
The U.S. economy showcases a diverse range of business ownership, from small-scale enterprises to large corporations.
Explanation:
Private enterprise in the U.S. economy is largely represented by small businesses, with the vast majority having fewer than 20 employees. According to the U.S. Census Bureau, out of 5.7 million firms in 2010, slightly less than half are large firms employing more than 500 workers, while another 35% are firms with fewer than 100 workers.
While only five percent of all businesses in the country are owned by its citizens, these businesses play a significant role in the economy. Additionally, a recent study revealed that immigrants account for nearly half of the overall growth of business ownership in the United States between 2000 and 2013.
Worker-owned companies and community co-ops are also on the rise, with about 17 million people employed in such enterprises. These statistics highlight the diverse landscape of business ownership in the U.S., ranging from small-scale businesses to larger corporations.
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