Small and medium-sized enterprises (SMEs) are non-subsidiary, independent firms which employ fewer than a given number of employees. However, some countries set the limit at 200 employees, while the United States considers SMEs to include firms with fewer than 500 employees. ...

How are SMEs defined?

SMEs are defined as small to medium sized enterprises. You can split them out into 3 categories micro enterprises, small enterprises and medium sized enterprises.

What is SME and its importance?

Small and medium enterprises (SME) performance forms a very important part of the Nigerian economy. The SME sector is a major engine which encourages the growth of jobs and wealth creation in the country's economic system. ... The SME sector has developed rapidly over these years.