THE ROLE OF ENTREPRENEURSHIP IN THE SOCIO-ECONOMIC DEVELOPMENT OF THE COUNTRIES OF THE WORLD

Abstract

In most countries of the world, entrepreneurship is a powerful engine of economic and social development. Currently, entrepreneurs are playing an increasingly significant role in the socio-economic life of most developed economies in the world. They solve the most important problems of the development of society, increase the efficiency of functioning of all sectors of the economy, create jobs and stimulate employment, and ensure the use of innovative technologies in production processes. Modern business is based on the risky activities of entrepreneurs, their initiative and responsibility, their use of their intellectual and professional qualities. Entrepreneurship is the driving force behind the growth of business activity in most countries of the world. Each of them has its own characteristics of organizing and conducting small, medium and large businesses. This is due to the general macroeconomic situation in the country, the volume of GDP, the political situation in the country and the world, internal and external trade relations, and government policies to promote the development of the enterprise sector.