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What are the advantages and disadvantages of small and medium enterprise?

what is the disadvantage of medium enterprises


Advantages of small to medium enterprises to an economy?

The advantages of the small to medium enterprises to an economy is that they create very many employment opportunities. They are easy to set up and therefore help boost the economy.


Contributions of small scale and medium scale enterprises to entrepreneurship?

Contributions of small scale medium scale enterprises are immense in an economy.Specially in rural areas, where the per capita income of the masses is absymally low, these enterprises help in generating employment,thus helping in attaining their livlihood. The garment sector in Bangladesh has made a sea change specially among the rural women folk. The Bangladesh Gramin Bank played a pivotal role by comming forward and helping these small scale industries come under an umbrella and become an important foreign exchange earner for the country through exports. It has been seen the big industries prefer to operate in urban and semi urban areas and where profit maximization is high, where as the small and medium scale enterprises act as torch bearer,contributing immensely to the national economy.


How many small businesses are there in the world?

As of 2021, it was estimated that there are around 400 million small and medium-sized enterprises (SMEs) globally. This number can vary depending on the definition of small businesses and the criteria used in different countries. In many regions, small businesses represent a significant portion of the economy, contributing to job creation and innovation. However, exact statistics can fluctuate over time due to economic conditions and changes in the business landscape.


How government policy affect small and medium scale enterprises in Zimbabwe?

-through imposing high taxes-high interest rates-indigenization and total empowerment-privatisation and closure of state companies-excessive tariffs-monopolies commission-high exchange rates-public-private partnerships