SMALL AND MEDIUM-SIZED BUSINESSES AS A KEY ELEMENT OF THE ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION

Author(s): Makovetsky M.Y.

Rubric: Management

DOI: 10.21777/2587-554X-2020-4-66-74

Release: 2020-4 (35)

Pages: 66-74

Keywords: entrepreneurship, small and medium-sized businesses, state regulation, subsidies, investment support

Annotation: The article examines the theoretical and practical aspects of the formation and development of small and mediumsized businesses in the Russian Federation. Its significant role is predetermined by a wide range of social and economic functions that it performs. first, it is an increase in the level of employment, the creation and support of competitive market conditions for economic activity, the elimination of social inequality, and others. due to these circumstances, the development of small and medium-sized businesses should be appropriately stimulated and supported by the state. The Russian Federation already has a legal and organizational framework for State support for small and medium-sized businesses. Relevant programs are being implemented at the federal and regional levels of government. At the same time, there are several factors that hinder the effective development of small and medium-sized businesses, including those related to the external environment and the internal state of its subjects. To solve them, several directions are proposed to improve state regulation and support small businesses.

Bibliography: Makovetsky M.Y. SMALL AND MEDIUM-SIZED BUSINESSES AS A KEY ELEMENT OF THE ECONOMIC DEVELOPMENT OF THE RUSSIAN FEDERATION // Economics and Management. – 2020. – № 4 (35). – С. 66-74. doi: 10.21777/2587-554X-2020-4-66-74