Question: In need to put this information in paragraph form. Justify why qualitative method is better than quantitative method for the study of how minority business

In need to put this information in paragraph form. Justify why qualitative method is better than quantitative method for the study of how minority business owners navigate the barriers they face while securing funding. Justifying the Qualitative Methodology[MR1] Qualitative methodology is a research approach that focuses on understanding the meaning, interpretation, and context of social phenomena. It is characterized by the following attributes: Interpretivism: Qualitative research assumes that reality is subjective and socially constructed. It seeks to understand the meanings and interpretations that people attach to their experiences and actions. (Schwarz & Reiling, 2024). Flexibility: Qualitative research is adaptable and emergent, allowing researchers to modify their research design as they collect and analyze data (Dehalwar & Sharma, 2024). Small samples: Qualitative research often involves small, purposive samples that are selected based on specific criteria. This allows researchers to gain in-depth insights into the experiences and perspectives of the participants (Dehalwar & Sharma, 2024). Data collection methods: Qualitative research typically uses unstructured data collection methods, such as interviews, observations, and document analysis. (Dehalwar & Sharma, 2024). Main attributes of quantitative methodology are a research approach that focuses on measuring and analyzing numerical data. It is characterized by the following attributes: Positivism: Quantitative research assumes that reality is objective and can be measured and analyzed using statistical methods. (Bao,2024) Fixed research design: Quantitative research is typically based on a fixed research design, with predetermined variables and hypotheses (Bao,2024). Large samples: Quantitative research often involves large, random samples that are selected based on probability theory. This allows researchers to generalize their findings to a larger population. (Garcia & Baack, 2023). Data collection methods: Quantitative research typically uses structured data collection methods, such as surveys and experiments. (Garcia & Baack, 2023).[MR1]1 paragraph: Define qualitative method. Justify why it is appropriate. 1 paragraph: Define quant. Justify why it is not appropriate 1 paragraph: Define qualitative and justify why it appropriate.

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