ENTREPRENEURSHIP

Detailed explanation-1: -SMEs are further subdivided into micro enterprises (fewer than 10 employees), small enterprises (10 to 49 employees), medium-sized enterprises (50 to 249 employees). Large enterprises employ 250 or more people.

Detailed explanation-2: -SMEs make up the majority of the businesses operating around the world. Generally, they are independent firms with less than 50 employees. However, the maximum number of employees is different from one country to the next. For most companies, the upper range sits around 250.

Detailed explanation-3: -According to the Small Business Administration, a microenterprise or microbusiness is defined as a business with 1-9 employees. They are the most common type of business.

Detailed explanation-4: -Small and medium enterprises (SMEs) are defined as enterprises with less than 250 persons engaged.

Detailed explanation-5: -Broadly speaking, the definition of an SME is a business which operates under a certain threshold in terms of revenue and number of employees. The SME abbreviation stands for small to medium-sized enterprise.