Micro and small enterprises (MSEs) are businesses that have a small number of employees and operate on a smaller scale compared to larger corporations.

Micro enterprises typically have fewer than 10 employees, while small enterprises generally have between 10 and 50 employees. These businesses may be involved in various sectors, such as retail, manufacturing, services, or agriculture.

MSEs play a crucial role in the economy as they contribute to employment generation, income generation, and poverty reduction. They often serve as a source of livelihood for individuals and families, particularly in developing countries.

Due to their size, micro and small enterprises may face challenges such as limited access to capital, lack of managerial skills, and difficulty in accessing markets. However, they also have certain advantages, such as flexibility, adaptability, and the ability to cater to niche markets.

To support and promote the growth of micro and small enterprises, governments and organizations may provide financial assistance, technical training, mentorship programs, and access to markets. These initiatives aim to enhance the competitiveness and sustainability of MSEs and contribute to overall economic development.