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SME
Despite its comfortable sounding character, the Informal Economy is not related to Casual Friday, which is the global phenomenon where office workers dress in leisure wear on Fridays and take longer lunches.
No, the Informal Economy is defined at Wikipedia as “that part of an economy that is not taxed, monitored by any form of government, or included in any gross national product (GNP)”. Which makes it a bit of a slippery character.
posted 2/6/12
In this series of blogs I will take you on a journey into the wonderful world of SME’s, attempting to define them, their importance and their relationships with banks and the global economy.
That little voice in your head may be already keenly inquiring, “What are SME’s?” So let’s start with this very question.
posted 17/5/12