Analysis of the structure and dynamics of household income from entrepreneurial activity

Abstract

Introduction. In conditions of modern economy, one of the indicators of economic development and the presence of positive environment for private business development is the household income level from entrepreneurship. But the instability of political and economic events in recent years has had a significant impact on private entrepreneurs activity. So the studying the structure and dynamics of household income from entrepreneurial activity today is an important area of research. The purpose of the research is to analyze and establish the main trends in the development of household income from entrepreneurial activity in the structure of cash income and total resources. Research methods. The methodological basis of the work is the conclusions and generalizations of economic science and scientific works on the subject of research the structure and dynamics of household income from entrepreneurial activity. The research uses logical, comparative and complex approaches, as well as methods of observation, comparison, graphical and complex analysis. Results. The paper studies the composition and dynamics of household income from the sale of entrepreneurial skills implementation in the structure of cash income and total resources, which shows almost doubled household income from entrepreneurial activity in the sampling period, as well as a significant increase in household income from agricultural products sales and property income. Based on research of household income in the structure of cash income and total resources by geolocation, it was found that the highest level of household income from entrepreneurship activity is reached in large and small towns, and household income from agricultural products sales and household income from property - in villages. According to results of the analysis of household incomes from entrepreneurial skills implementation, depending on the region, it was found that the highest level was reached by the regions of western and central Ukraine, and Kyiv. Based on the tools of correlation and regression analysis, it was determined the main factors of environmental influences on household income from entrepreneurial activity, which are the fluctuations in the inflation index and gross domestic product (GDP). Conclusion. Thus, the tendency to reduce of some income categories from entrepreneurial skills implementation, particularly in terms of income from agricultural products sales in rural households, which are the most sensitive to economic fluctuations, requires a comprehensive review and improvement of business conditions for small businesses at the national level. The scientific value of study is to determine the main trends in household income from entrepreneurship activity, which will allow to get quality information on the private business development level, to use it to predict the future development of small business and in developing normative acts on state regulation of entrepreneurship.