In 2015, more than 50 percent of minority-owned businesses were owned by which group?

In 2015, more than 50 percent of minority-owned businesses were owned by which group?

• A. Asian Americans
• B. African Americans
• C. Hispanic Americans
• D. Native Americans

Answer: (A)

The main idea here is how minority-owned businesses are distributed among different ethnic groups. By 2015, Asian American entrepreneurs owned more than half of all minority-owned businesses, making them the largest single group within minority business owners. This dominance reflects factors such as a strong tradition of immigrant entrepreneurship, growth in sectors where Asian American firms are well represented, and networks and access to capital in many communities. While Hispanic, African American, and Native American business owners also run many firms, their share did not exceed the half-mark held by Asian Americans.

The main idea here is how minority-owned businesses are distributed among different ethnic groups. By 2015, Asian American entrepreneurs owned more than half of all minority-owned businesses, making them the largest single group within minority business owners. This dominance reflects factors such as a strong tradition of immigrant entrepreneurship, growth in sectors where Asian American firms are well represented, and networks and access to capital in many communities. While Hispanic, African American, and Native American business owners also run many firms, their share did not exceed the half-mark held by Asian Americans.