Small and Medium-sized Business and Its Role in the Russian Market Economy

The article deals with the problems and opportunities of small and medium-sized entrepreneurship in the modern economy of Russia. A comparative analysis of the European and Russian interpretation of the concept of “small and medium business”, the criteria for assessing the effectiveness of small and...

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Main Author: R. R. Versockiy
Format: Article
Language:English
Published: North-West institute of management of the Russian Presidential Academy of National Economy and Public Administration 2019-11-01
Series:Управленческое консультирование
Subjects:
Online Access:https://www.acjournal.ru/jour/article/view/1217
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author R. R. Versockiy
author_facet R. R. Versockiy
author_sort R. R. Versockiy
collection DOAJ
description The article deals with the problems and opportunities of small and medium-sized entrepreneurship in the modern economy of Russia. A comparative analysis of the European and Russian interpretation of the concept of “small and medium business”, the criteria for assessing the effectiveness of small and medium-sized business. However, it should be noted that the study of efficiency belongs to the type of “constantly relevant”, as this economic category reveals the conditions of functioning of the business entity in the market. And the more active the functioning of small businesses, the higher the stability of the country’s economy, the greater the revenues to the state budget and extra-budgetary funds, higher job growth, lower unemployment, a decent level of material security of employees. The article also defines the social and economic problems that can be solved by the sector of small and medium-sized enterprises in the “economy of free enterprise”.
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spelling doaj.art-56f1b50bf86e424ca05daf23d0af21ad2025-02-27T17:48:19ZengNorth-West institute of management of the Russian Presidential Academy of National Economy and Public AdministrationУправленческое консультирование1726-11391816-85902019-11-01010929910.22394/1726-1139-2019-10-92-991138Small and Medium-sized Business and Its Role in the Russian Market EconomyR. R. Versockiy0Russian Presidential Academy of National Economy and Public Administration (North-West Institute of Management, Branch of RANEPA)The article deals with the problems and opportunities of small and medium-sized entrepreneurship in the modern economy of Russia. A comparative analysis of the European and Russian interpretation of the concept of “small and medium business”, the criteria for assessing the effectiveness of small and medium-sized business. However, it should be noted that the study of efficiency belongs to the type of “constantly relevant”, as this economic category reveals the conditions of functioning of the business entity in the market. And the more active the functioning of small businesses, the higher the stability of the country’s economy, the greater the revenues to the state budget and extra-budgetary funds, higher job growth, lower unemployment, a decent level of material security of employees. The article also defines the social and economic problems that can be solved by the sector of small and medium-sized enterprises in the “economy of free enterprise”.https://www.acjournal.ru/jour/article/view/1217small and medium-sized businesseconomic sectorcriteriathe role of small and medium-sized businessesimproving the welfare of the populationefficiencyefficiency analysispublic policy
spellingShingle R. R. Versockiy
Small and Medium-sized Business and Its Role in the Russian Market Economy
Управленческое консультирование
small and medium-sized business
economic sector
criteria
the role of small and medium-sized businesses
improving the welfare of the population
efficiency
efficiency analysis
public policy
title Small and Medium-sized Business and Its Role in the Russian Market Economy
title_full Small and Medium-sized Business and Its Role in the Russian Market Economy
title_fullStr Small and Medium-sized Business and Its Role in the Russian Market Economy
title_full_unstemmed Small and Medium-sized Business and Its Role in the Russian Market Economy
title_short Small and Medium-sized Business and Its Role in the Russian Market Economy
title_sort small and medium sized business and its role in the russian market economy
topic small and medium-sized business
economic sector
criteria
the role of small and medium-sized businesses
improving the welfare of the population
efficiency
efficiency analysis
public policy
url https://www.acjournal.ru/jour/article/view/1217
work_keys_str_mv AT rrversockiy smallandmediumsizedbusinessanditsroleintherussianmarketeconomy