micro-enterprises

Micro-enterprises are small businesses typically defined as having fewer than 10 employees and limited capital investment. They are often sole proprietorships or family-run operations and can be found in various sectors, including retail, services, and crafts. Micro-enterprises play a vital role in local economies by creating jobs, fostering innovation, and providing goods and services to communities. They are especially important in developing regions, as they can empower individuals, stimulate economic growth, and enhance livelihoods by enabling entrepreneurship at a grassroots level.