THE DYNAMIC AND IMPORTANCE OF SMES IN ECONOMY

Maximilian Robu ()
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Maximilian Robu: Faculty of Economics and BusinessAdministration, “Alexandru Ioan Cuza” University of Iasi, Romania

The USV Annals of Economics and Public Administration, 2013, vol. 13, issue 1(17), 84-89

Abstract: In a world that is marked by a fierce competition, in which the actors that are in play change the rules of the market, forcing enterprises to change the fundamentals of their competivity and their economic performance, holding technological resources has become a major strategic stake for enterprises.SMEs, the backbone of an economy, whether we are referring to the economy of a random state, or the world economy, have to answer these changes and offer competitive goods and services, adjusting the quality of the production factors to these changes. Thus, the competitiveness for SMEs is an essential condition to be able to endure. This article will adress the evolution and importance of SMEs in the economy. We will also focus on their clasification as well as their contribution to the GDP and the world's economy.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:13:y:2013:i:1(17):p:84-89

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