Micro Enterprises are small-scale businesses typically characterized by having a limited number of employees and low capital investment. They play a crucial role in local economies by providing jobs and fostering innovation. These businesses often operate in sectors such as retail, services, and agriculture, making them vital for community development.
Despite their size, Micro Enterprises can significantly impact economic growth and poverty alleviation. They are often started by individuals or families and can be found in both urban and rural areas. Supporting these enterprises can lead to sustainable development and improved livelihoods for many.