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Small and medium-sized enterprises. Small and medium-sized enterprises ( SMEs) or small and medium-sized businesses ( SMBs) are businesses whose personnel and revenue numbers fall below certain limits. The abbreviation "SME" is used by international organizations such as the World Bank, the OECD, European Union, the United Nations, and the ...
The federal government of the United States ( U.S. federal government or U.S. government) [a] is the national government of the United States, a federal republic located primarily in North America, composed of 50 states, five major self-governing territories, several island possessions, and the federal district /national capital of Washington ...
Term Definition National government: The government of a nation-state and is a characteristic of a unitary state. This is the same thing as a federal government which may have distinct powers at various levels authorized or delegated to it by its member states, though the adjective 'central' is sometimes used to describe it. The structure of ...
The government budget balance, also referred to as the general government balance, [1] public budget balance, or public fiscal balance, is the difference between government revenues and spending. For a government that uses accrual accounting (rather than cash accounting) the budget balance is calculated using only spending on current operations ...
The Constitution of the United States is the supreme law of the United States. [ 3 ] It superseded the Articles of Confederation, the nation's first constitution, on March 4, 1789. Originally including seven articles, the Constitution delineates the frame of the federal government.
Business-to-government ( B2G ), [1] also known as business-to-public-administration ( B2PA) [1] [2] or business-to-public-sector ( B2PS) refers to trade between the business sector as a supplier and a government body as a customer playing a major impact in public procurement. [3] [4] Business-to-government also includes the segment of business ...
e. Government spending or expenditure includes all government consumption, investment, and transfer payments. [1] [2] In national income accounting, the acquisition by governments of goods and services for current use, to directly satisfy the individual or collective needs of the community, is classed as government final consumption expenditure.
Small businesses are types of corporations, partnerships, or sole proprietorships which have a small number of employees and/or less annual revenue than a regular-sized business or corporation. Businesses are defined as "small" in terms of being able to apply for government support and qualify for preferential tax policy.