Business, tax and funding
SME
Abbreviation for small and medium-sized enterprises
In short and in plain language
An SME is a small or medium-sized firm.
Such firms are told apart from large ones by staff numbers and turnover.
This can matter, for example, for funding and some laws.
Definition
SMEs are small and medium-sized enterprises, distinguished from large companies by headcount and turnover. The distinction can matter, for example, for funding programmes and some legal rules.