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 uch attention has been placed on
small and medium enterprisesA business with up to 250 employees and moderate levels of turnover and assets, encompassing both small and medium-sized firms.
(including 'microenterprisesA very small business typically employing fewer than 10 people and operating with limited capital and market reach (Often sole proprietor or family-run).') as a means of kick-starting a failing economy. It provides more market opportunities, creates jobs, and makes more efficient use of scare resources.
But the informal sector has been doing precisely that - albeit without recognition. The informal sector in fact epitomizes SMEs and we need to acknowledge the key contributions that it makes vis-a-vis the SME sector. |
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