SMALL ENTREPRENEURSHIP AS A PREREQUISITE FOR THE DEVELOPMENT OF EFFECTIVE BUSINESS IN UKRAINE

Abstract

The article analyzes the development of small entrepreneurship, its advantages and disadvantages. It is noted that the development of small entrepreneurship in Ukraine has a positive effect on structural changes in the country, namely, it creates opportunities for solving economic and social problems, especially in modern conditions; satisfies the needs of the domestic market, promotes the rational use of all types of resources; provides powerful incentives for highly efficient work and innovative processes.
 The article notes that small business makes a significant contribution to the stability and development of the economy of Ukraine, namely: it contributes to economic growth, provides the necessary number of jobs, quickly responds to market changes and adapts to them, contributes to the filling of the market with quality goods. The problem of determining the role of small business in the economic development of the state is relevant, and it should be considered in relation to economic, social and political aspects. Today, one of the main problems of small business development in Ukraine is the lack of funding from the state.
 It has been studied that in the conditions of an unstable socio-economic and political situation in Ukraine, the development and support of small entrepreneurship is important for the stabilization of the economy. Since small business is extremely sensitive to economic changes, its condition in our country remains unsatisfactory. The problems of small entrepreneurship, despite long-term study, are still not fully resolved, or the proposed solutions are not adapted to modern business conditions.
 It is well-founded that small entrepreneurship in Ukraine is the basis for economic growth, activates business relations, creates a real competitive environment, contributes to the creation of jobs, increases the quality of life of the population, ensures the effective use of production resources, and determines the stability of the socio-economic system of the state. The promising development of small entrepreneurship in our country is the basis for overcoming the negative consequences of the global pandemic, military aggression, destabilizing socio-economic processes, namely: a significant percentage of migration (most of which is the working population), a drop in the quality of life of the country's population, low competitiveness of part of the Ukrainian productions.