Small businesses as a driver of Russian economic growth

Kirill Dobrin (), Anastasia Davydenkova () and Irina Zakharova ()
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Kirill Dobrin: Russian Presidential Academy of National Economy and Public Administration- Stolypin Volga Region Institute of administration
Anastasia Davydenkova: Russian Presidential Academy of National Economy and Public Administration- Stolypin Volga Region Institute of administration
Irina Zakharova: Russian Presidential Academy of National Economy and Public Administration- Stolypin Volga Region Institute of administration

Published Papers from Russian Presidential Academy of National Economy and Public Administration

Abstract: Small business is a fundamental element in the development of the economic system. It determines the rate of growth, structure and quality of the gross national product. The presence in the economy of small and medium-sized enterprises prevent monopolization, both in individual sectors and at the level of national economy as a whole. The basic function of a small business in the market economy of any type is to create and maintain a competitive environment. Its role is also to expand the scope of activity of the population of labor, increasing the opportunities for implementation of entrepreneurial skills, as well as reducing social tensions and the economic growth of the country. It is a small business most effectively helps to introduce innovation into mass production, as well as a driver of economic growth in general. In practice, small businesses are often presented in such legal forms as individual businesses, farms, small family business, as well as in informal forms of employment (growing cattle, fruit and vegetable crops and other handicrafts, tutoring). Especially it is necessary to allocate a form of business as a small innovative enterprise, which is usually associated with the processes of formation of new enterprises within the boundaries of the old companies, as well as the establishment and operation of venture capital firms. Keywords : Small business, the market economy, of entrepreneurship, innovative business, a venture business, diversifying the production, information technology

Pages: 6 pages
Date: 2016
New Economics Papers: this item is included in nep-ent and nep-tra
Note: Proceedings of the All-Russian scientific-practical conference: Saratov region: tradition, innovation, leadership strategies (6-8 April 2016), Stolypin Volga Region Institute, Saratov
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