Small and Mid-size Endeavor (SME) Defined: Types Around the World

Small and Mid-size Endeavor (SME) Defined: Types Around the World

What Are Small and Mid-size Enterprises (SMEs)? Small and mid-size enterprises (SMEs) are businesses that maintain revenues, assets or a number of employees below a certain threshold. Each country has its own definition of what constitutes a small and medium-sized enterprise. Certain size criteria must be met and occasionally the industry in which the company

Small Business Development Center (SBDC) Definition

Small Business Development Center (SBDC) Definition

What Is a Small Business Development Center (SBDC)? Small Business Development Centers (SBDCs) provide free marketing, financing, and business-related assistance to local entrepreneurs. They are found in all states and Washington, D.C., Puerto Rico, and the U.S. territories. SBDCs exist as a partnership between the U.S. Small Business Administration (SBA) and usually a local college

Silver Same old Defined

Silver Same old Defined

What Is the Silver Standard? The silver standard is a monetary system in which the value of a country’s national currency is backed by silver. It is similar in nature to its famous counterpart, the gold standard.  The typical method for implementing a silver standard is to allow units of national currency to be converted

Who Used to be as soon as He and What Is the Kuznets Curve?

Who Used to be as soon as He and What Is the Kuznets Curve?

Who Was Simon Kuznets? Simon Kuznets, a Russian-American development economist and statistician, was awarded the 1971 Nobel Memorial Prize in Economics for his research on economic growth. He set the standard for national income accounting, enabling accurate estimates of gross national product to be calculated for the first time. Key Takeaways Simon Kuznets, a Russian-American

Sin Stock Definition

Sin Stock Definition

What Is a Sin Stock? A sin stock is a publicly traded company involved in or associated with an activity that is considered unethical or immoral. Sin stocks are generally in sectors that deal directly with morally dubious actions. They are perceived as making money from exploiting human weaknesses and frailties. Key Takeaways A sin