What does small and medium-sized enterprises mean?
Definitions for small and medium-sized enterprises
small and medi·um-sized enter·pris·es
This dictionary definitions page includes all the possible meanings, example usage and translations of the word small and medium-sized enterprises.
Wikipedia
Small and medium-sized enterprises
Small and medium-sized enterprises (SMEs) or small and medium-sized businesses (SMBs) are businesses whose personnel numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the European Union, the United Nations and the World Trade Organization (WTO). SMEs outnumber large companies by a wide margin and also employ many more people. For example, Australian SMEs make up 98% of all Australian businesses, produce one-third of the total GDP and employ 4.7 million people. In Chile, in the commercial year 2014, 98.5% of the firms were classified as SMEs. In Tunisia, the self-employed workers alone account for about 28% of the total non-farm employment and firms with fewer than 100 employees account for about 62% of total employment. In developing countries, smaller (micro) and informal firms, have a larger share than in developed countries. SMEs are also said to be responsible for driving innovation and competition in many economic sectors. Although they create more new jobs than large firms, they also suffer the majority of job destruction/contraction.
Numerology
Chaldean Numerology
The numerical value of small and medium-sized enterprises in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of small and medium-sized enterprises in Pythagorean Numerology is: 1
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"small and medium-sized enterprises." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/small+and+medium-sized+enterprises>.
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