Which group accounts for the largest share of minority-owned businesses in 2015?

Which group accounts for the largest share of minority-owned businesses in 2015?

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

Answer: (A)

The question is about which minority group has the largest number of firms owned by its members, a measure that depends on both how large the group is and how often members start and own businesses. In 2015, Asian Americans accounted for the largest share of minority-owned businesses. This reflects their substantial population among minority groups and relatively high rates of business ownership within many Asian American communities, including immigrant networks that support entrepreneurship. While Hispanic Americans and African Americans own many firms, their totals were smaller than Asian Americans’ in that year, and Native Americans represent a much smaller portion overall.

The question is about which minority group has the largest number of firms owned by its members, a measure that depends on both how large the group is and how often members start and own businesses. In 2015, Asian Americans accounted for the largest share of minority-owned businesses. This reflects their substantial population among minority groups and relatively high rates of business ownership within many Asian American communities, including immigrant networks that support entrepreneurship. While Hispanic Americans and African Americans own many firms, their totals were smaller than Asian Americans’ in that year, and Native Americans represent a much smaller portion overall.