The importance of family businesses

Ants carry leaves on a trunk.
© John Lozano / Unsplash

The economy is not only traded on the stock exchange. Hidden champions are less visible, but nevertheless important. But what is a family business anyway? What role do family businesses play in the economy – including in contrast to non-family businesses, both listed and not listed on the stock exchange? How do family businesses promote equal living conditions? How are they helping Germany and Europe to solve the climate problems? What is their contribution to society? And why are they sometimes criticised?

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