Tendencies of development of small business

Abstract

Small business exists as an independent sector of a market economy, providing the basic needs of the national economy. Small business is the strategic resource for the sustainable socio-economic development of society, which ensures its high level and improves the quality of life of the population. It helps accelerate market transformations and is manifested in organizational and technological mobility, supporting a competitive environment, quick reaction to market needs, increasing tax revenues to the budget at all levels, renewing social resources, changing the standard of living of the population, reducing social differentiation, etc. entrepreneurship to a large extent allows saturating the market with goods and services even in the conditions of the observed economic recession and crisis, and also ensures market relations and is the guarantor of social stability. It was noted that about 8 million people were employed in the small business sector. It should be noted that the employment of the population in small and medium enterprises is about 25%. The turnover of products and services that are produced and sold by small and medium-sized businesses in the total turnover of products and services produced by enterprises in the country is about 30%. The sphere of small business is characterized by the unstable dynamics of the number of small enterprises employed by them, the irrational regional and sectoral structure of small business, its criminalization, etc., with negative moments that give rise to a conclusion about the unpredictable, chaotic nature of the development of this sector of the economy, which forms the basis of competitive relations in various sectors of the national economy.