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CIFAR Alliance and Mastercard Center for Inclusive Growth

Micro/Small/Medium Enterprises

Micro, Small, and Medium Enterprises (MSMEs) refer to businesses of varying sizes that play a vital role in economies worldwide. Microenterprises are the smallest, typically consisting of only a few employees and minimal capital. Small enterprises are slightly larger, employing more people and generating more revenue, while medium enterprises are more established with a higher employee count and greater resources. MSMEs are often considered the backbone of many economies, contributing to job creation, innovation, and local development.
Micro, Small, and Medium Enterprises (MSMEs) refer to businesses of varying sizes that play a vital role in economies worldwide. Microenterprises are the smallest, typically consisting of only a few employees and minimal capital. Small enterprises are slightly larger, employing more people and generating more revenue, while medium enterprises are more established with a higher employee count and greater resources. MSMEs are often considered the backbone of many economies, contributing to job creation, innovation, and local development.

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