SME & MSME: Meaning, Classification, and Key Differences
Introduction Driving innovation, generating employment, and advancing industrial development, small to medium companies (SMEs) and micro, mini, and medium companies (MSMEs) are fundamental to economic growth. While MSMEs are classified on their investment and turnover, SMEs fall within a given size, revenue, and staff restriction. By encouraging entrepreneurship, these businesses help in regional development and […]
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