SMEs

SMEs, or Small and Medium-sized Enterprises, are businesses that are smaller in size compared to large corporations. They typically have a limited number of employees and generate moderate levels of revenue. SMEs play a crucial role in the economy by creating jobs, fostering innovation, and supporting local communities. They operate across various sectors, such as retail, manufacturing, or services, and often have more flexibility and agility than larger companies. Despite their size, SMEs can be highly competitive and are vital drivers of economic growth and development.