What is a medium enterprise?

A medium enterprise typically refers to a business that falls within a specific size range defined by factors such as the number of employees, annual revenue, or total assets. In many countries, this is often classified as having between 50 to 250 employees and annual revenues ranging from $10 million to $50 million, though definitions can vary. Medium enterprises play a crucial role in the economy by contributing to job creation and innovation. They often have more resources than small businesses but may lack the extensive capabilities of large corporations.