Answer to Question #242693 in Macroeconomics for vtg

Question

Briefly discuss the importance of (SMEs) small business enterprises sector in the South African economy

Answer 1

SMEs plays an important role in the economic development of a south Africa economy. They play a role in terms of production, employment generation, contribution to exports and facilitating equitable distribution of income is very critical. SMEs also supply essential products for mass consumption and exports in the economy.