What is sme acronym?

SME stands for Small and Medium-sized Enterprises. It is commonly used to refer to businesses that have a relatively small workforce and revenue compared to larger corporations. SMEs are considered to be the backbone of most economies around the world, as they often drive innovation and create employment opportunities. In many countries, there are different definitions and criteria for defining an SME. Generally, a business is considered an SME if it has 250 employees or less and an annual revenue of up to 50 million euros. However, these criteria may vary depending on the country and industry.