Year: 2005
Type: article
Abstract: Small and medium-sized enterprises (SMEs) are a very heterogeneous group of businesses usually operating in the service, trade, agri-business, and manufacturing sectors.They include a wide variety of firms such as village handicraft makers, small machine shops, and computer software firms that possess a wide range of sophistication and skills.Some are dynamic, innovative, and growthoriented while others are satisfied to remain small and perhaps family owned.SMEs usually operate in the formal sector of the economy and employ mainly wage-eaming workers.SMEs are often classified by the number of employees and/or by the value of their assets.The size classification varies within regions and across countries relative to the size of the economy and its endowments.It is important to note that there is a minimum as well as a maximum size for SMEs.
Author: Edit Lukács
Language: English
Topic: Firm Innovation and Growth
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: green
OpenAlex ID: W2483830870