Small, and medium-sized enterprises (MSMEs)

Published: 14 April 2025| Version 1 | DOI: 10.17632/jskkny7m9x.1
Contributor:
SH Hengky

Description

Micro, small, and medium-sized enterprises (MSMEs) are businesses that are vital to economic and social development. They are often the backbone of economies, particularly in low- and middle-income countries

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MSMEs are the majority of businesses worldwide, accounting for 90% of firms. They contribute to 60 to 70% of employment and 50% of GDP worldwide. MSMEs are particularly important for sustaining livelihoods, especially for women, youth, and groups in vulnerable situations.

Categories

Business, Entrepreneurship, Business-to-Business, Business to Business Marketing, Small Business Owner, Business Analytics

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