... (1962)coined the phrase “creative destruction” to characterize the evolution of the economy through technological change leading to the opening, growing, shrink-ing, and closing of firms. See also The ... aneconomist with the Office of Advocacy,U.S. Small BusinessAdministration,Washington, DC. The information presented in this article does notnecessarily represent the views of the Office of Advocacy.Brian ... 13Small-Business EmployeesOne characterization of the U.S. economyis that it begins with the formation of small businesses, some of which thengrow into large businesses, with both kinds ulti-mately...