One of the main functions of the government under the free enterprise system of the United States is to employ the vast majority of the workers.
A legal entity is considered to have an enterprise if it possesses the power to run a business independently, including the power to sign contracts, possess property, accrue debts, and open bank accounts. A company may be fully or partially incorporated, a non-profit, or unincorporated. Businesses can be divided into a number of groupings based on their size; the most prevalent criterion used for this is the number of employees. There are less than 250 people employed by small and medium-sized firms (SMEs). Micro enterprises are defined as businesses with less than 10 employees, small businesses with between 10 and 49 employees, and medium-sized businesses with between 50 and 99 employees (50 to 249 employees). Large firms employ at least 250 people.
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