The Micro, Small, and Medium-Sized Enterprises and Its Role in the Economic Development of a Country

Jorge Morales Pedraza

Business and Management Research, 2021, vol. 10, issue 1, 33

Abstract: Undoubtedly, micro, small, and medium-sized enterprises (MSMEs) play a central role in many countries’ economic development. They are a major source of entrepreneurial skills, innovation, and employment account for most businesses worldwide. MSMEs are important contributors to job creation and global economic development, representing 90% of businesses and more than 50% of employment worldwide.

Date: 2021
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