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Micro and small enterprises (MSEs) are typically characterized by their limited scale of operations, with micro enterprises often having fewer than 10 employees and small enterprises employing between 10 to 50 individuals. They usually have lower capital investment and revenue thresholds, which vary by country. MSEs are often community-based, playing a crucial role in job creation and economic development, and they tend to be more flexible and innovative compared to larger firms. Additionally, they may face challenges such as limited access to finance and resources, which can hinder their growth potential.

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