In 1998 the U.S. economy included more than 270 million businesses?

In 1998, the U.S. economy was characterized by a diverse landscape of businesses, with over 270 million entities registered. This figure includes a wide range of business types, from large corporations to small sole proprietorships. The vast number of businesses contributed to a dynamic economy, driving innovation and employment across various sectors. However, it's important to note that the majority of these businesses were small enterprises, reflecting the entrepreneurial spirit prevalent in the country.