1. a very small business, typically employing fewer than ten people and requiring minimal capital investment
Usage: commonly used in development economics and international business contexts; often associated with informal economies and entrepreneurship in developing countries

Examples

• She started a microenterprise selling handmade crafts from her home.
• Microenterprises in rural areas often lack access to formal banking services.
• The nonprofit provides microloans to help entrepreneurs launch microenterprises.
• Many microenterprises operate in the informal sector without official registration.
• The government launched a program to support microenterprise development in low-income communities.
• Street vendors and small traders typically run microenterprises.
• Microenterprises are crucial for job creation in developing nations.