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Home > Economics > Question

SMEs contribute to:

0
A) Employment and economic growth
B) Foreign debt increase
C) Government borrowing
D) Only large-scale exports

Correct Answer: A) Employment and economic growth

• Small and Medium Enterprises (SMEs) contribute massively to national Employment and economic growth. • They heavily act as the absolute foundational backbone for driving aggressive local market Innovation. • SMEs generally highly outnumber massive multinational corporations and employ the vast majority of a nation's Labor force. • A massive structural economic challenge faced by local SMEs in developing nations is lack of Access to finance. • SMEDA heavily serves as the apex government authority regulating and assisting SMEs in Pakistan.

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