Enty's Business Glossary:
SME (small and medium-sized enterprises) are companies that match certain established criteria of their revenue, employees number, and other metrics that vary between jurisdictions. SMEs are the core of most countries’ economies due to their multiplicity, a lot of workplaces creation, innovation-friendliness, and so on. For instance, in Estonia, more than 75% of the whole workforce is recruited by SMEs. That’s why most developing countries provide SMEs with benefits such as tax incentives, lower credit costs, and other ways of support.