Small and Mid-size Enterprise (SME)

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Definition of 'Small and Mid-size Enterprise (SME)'

A small and medium-sized enterprise (SME) is a business that is independently owned and operated, has fewer than 500 employees, and has a turnover of less than €100 million in the European Union.

SMEs are an important part of the economy, providing jobs and growth. They are also a source of innovation and new ideas. However, SMEs can face challenges in accessing finance, markets, and skills.

The European Union has a number of policies in place to support SMEs. These include financial assistance, business development support, and access to markets.

SMEs are an important part of the global economy. They account for a significant share of employment and output in most countries. SMEs are also a source of innovation and new ideas. However, SMEs can face challenges in accessing finance, markets, and skills.

The World Bank has a number of policies in place to support SMEs. These include financial assistance, business development support, and access to markets.

SMEs are an important part of the United States economy. They account for a significant share of employment and output. SMEs are also a source of innovation and new ideas. However, SMEs can face challenges in accessing finance, markets, and skills.

The United States government has a number of policies in place to support SMEs. These include financial assistance, business development support, and access to markets.

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