Small and Medium Enterprises (SMEs) are businesses that maintain a limited size in terms of employees and revenue. Typically, SMEs are classified based on the number of employees, with small enterprises having fewer than 50 employees and medium enterprises having between 50 and 250 employees. They play a crucial role in the economy by creating jobs and fostering innovation. SMEs contribute significantly to economic growth and development. They often serve local markets and can adapt quickly to changes in consumer demand. Additionally, governments often support SMEs through various programs and incentives to encourage entrepreneurship and sustain economic stability.