SME stands for small and medium-sized enterprise, which is a business that falls below specific limits for staff numbers and financial turnover. 

Key Size Categories

SMEs are typically split into three groups based on how many people they employ: 

• Micro-enterprises: Fewer than 10 employees.

• Small businesses: 10 to 49 employees.

• Medium-sized businesses: 50 to 249 employees.

Why SMEs Matter

• They make up over 90% of all businesses worldwide.

• They provide more than half of all jobs across the global economy.

• They operate independently and are not part of a larger corporate group or subsidiary

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