Definition, Meaning & Synonyms

microempresa

Noun

mai-kroh-ehm-PREH-zah

Definition

A microenterprise is a very small business that often has limited resources and a small number of employees.

Examples

A microempresa can often be a family-run business, like a local bakery.
Many craftspeople operate their microempresas from home, selling their goods online.
Microempresas play a significant role in the local economy by providing jobs and services to the community.

Meaning

Microempresas are typically defined by their small size, which can include a limited number of employees and lower revenue thresholds compared to small and medium-sized enterprises (SMEs).