What are the characteristics of micro, small and medium enterprises? Explain how they contribute to the economic development process of a country.

Micro, small, and medium enterprises (MSMEs) are defined based on their size, scale of operations, and workforce. In many countries, their categorization varies, but broadly, these enterprises are recognized for their vital role in economic development. Each category of MSME has its unique characteristics that influence the economy in different ways. 

Characteristics of Micro, Small, and Medium Enterprises:

1. Micro Enterprises:  
   Micro enterprises are typically small businesses with minimal capital investment, few employees, and limited scope of operations. These businesses generally operate on a very small scale, often as family-run businesses, and their workforce can be fewer than 10 people. Their turnover is usually lower, and they focus on local or niche markets. They often face challenges __________ ______ _______ ______ ___ ___ _______ _________ ________ ________.
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