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Tag Archives: SME

Role of SMEs and its benefits associated with ongoing business

  In today’s times, small and medium enterprises (SMEs) are seen to be a universal solution to a majority of the problems being faced by the less-developed countries. Unemployment, lack of economic growth, and poverty are some of the problems, which are expected to be solved under this small scale sector. The faith in SME is constantly on the rise as the concept of manufacturing occurring anywhere is on the …

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SMEs generally considered more productive than large enterprises

  The expansion of SME sector is crucial to an economic revolution in Pakistan: experts Developing and developed countries have recognized the importance of Small Medium Enterprises (SMEs) which play an important role in the development of national economy. In Indonesia, United Kingdom, South Korea, Thailand, China, USA, Bangladesh etc, SMEs have historically been the main players in the domestic economic activities especially as providers of employment opportunities. SMEs are …

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Micro small and medium enterprises: an engine of growth, prosperity

  Entrepreneurs occupy a central position in a market economy as it is the entrepreneurs who act as the spark plug in the economy’s engine, activating and stimulating all economic activity. The economic success of nations worldwide is the result of encouraging and rewarding the entrepreneurial instinct. A society is prosperous only to the degree to which it rewards and encourages entrepreneurial activity because it is the entrepreneurs and their …

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