What are the features of small scale business enterpises?

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2026-07-25 21:31

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Small business enterprises are usually private corporations, partnerships or sole proprietorship businesses. They are liable for government support and tax concessions. They are common in all countries. The number of employees determine the scale of business. For eg. in America, an enterprise having less than 500 employees within a year in non manufacturing industries, in Australia the number of employees should be less than 15, while in Europe it is 250 and in Asian countries it is 100. In some countries a small scale industry is determined by their financial measures like net profit, balance sheet total, etc.

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