The SME sector is said to make a significant contribution to employment; evaluate this claim by drawing on the literature, and discuss what other contributions are made to the economy by the SME sector.

Gov website says that for the purposes of SME 2006 statistics an SME is defined as any business that has less than 250 employees.

SME: small and medium-sized enterprises are defined by the European Commission as independent enterprises that have fewer than 250 employees, and an annual turnover not exceeding £34 million or a balance-sheet total not exceeding £29 million (new Recommendation 2003/361/EC adopted by commission on 6 May 2003). This revised definition came into force on 1 January 2005. Within this definition micro enterprises are categorised as having fewer than 10 employees, annual turnover/ balance sheet not exceeding £1.4 million and small enterprises as fewer than 50 employees, annual turnover/balance sheet not exceeding £6.8 million. Source: SBE......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Sme Sectors Benefits To The Economy
Approximate Word Count: 1656
Approximate Pages: 7 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Sme Sectors Benefits To The Economy, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!