Small and Medium Enterprises (SMEs)

Small and medium enterprises (SMEs) are businesses that maintain a relatively small scale of operations compared to larger corporations. They typically have a limited number of employees and lower revenue thresholds, which can vary by country. SMEs play a crucial role in the economy by driving innovation, creating jobs, and fostering competition. They are often more agile and can adapt quickly to market changes. Support for SMEs can include access to funding, training, and resources, as they contribute significantly to economic growth and community development.