One of the key drivers of economic growth and development is the presence of small and medium enterprises (SMEs). SMEs are businesses that have between 10 and 499 employees and generally have a lower level of capital investment than large corporations. In many countries, SMEs make up a significant portion of the business sector, and they play a vital role in creating jobs, driving innovation, and promoting competition.
There are numerous reasons why SMEs are so important to economic development. When SMEs are able to flourish, it results in a strong and vibrant economy that benefits everyone.
In this video, we will discuss five possible problems that small and medium enterprises might encounter.
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