Micro (small) refers to a category of businesses that typically have a very limited number of employees and low annual revenue. In many countries, a micro business is defined as having fewer than five employees and generating less than a specific revenue threshold, often around $50,000. These businesses play a crucial role in local economies by providing jobs and services. Micro businesses can include a variety of sectors, such as retail, food services, and consulting. They often rely on personal networks and community support to thrive. Due to their size, micro businesses can be more agile and adaptable to changes in the market compared to larger corporations.