Subject to section 2103 (relating to regulations), the following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:

“Disadvantaged business.” A small business which is owned or controlled by a majority of persons, not limited to members of minority groups, who have been deprived of the opportunity to develop and maintain a competitive position in the economy because of social disadvantages.

“Small business.” A business in the United States which is independently owned, is not dominant in its field of operation and employs 100 or fewer employees.