Abstract
The last one and a half to two decades have become a period of unprecedented growth of small and medium-sized firms in all industrially developed Western countries. Hundreds of thousands of small new enterprises come into existence in these countries every year expecting to survive the competitive struggle. On the average, they account for about half of the national product and, what is no less important, for the majority of the jobs. Such rapid development of this business became possible owing to radical changes in production technology and organization. The rapid differentiation of consumer demand and the increase in transport costs also prompted a revision of traditional ideas on the potentialities and advantages of large-scale production.
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