SME
n. countablen. Stands for Small and Medium-sized Enterprise. A company that is not very large and has a limited number of employees and a certain amount of income.
n. Abbreviation for Small and Medium-sized Enterprise. A business whose personnel numbers and revenue fall below certain limits, which vary by jurisdiction and industry.
The government offers special grants to every local SME.
Many an SME struggled to adapt to the new digital regulations due to limited administrative resources compared to larger corporations.
While multinational conglomerates dominate the headlines, the collective economic output of the SME sector remains the primary driver of employment and innovation in most developing economies.
Often used as a collective term in economic reports; the plural is 'SMEs'.