The role of small and medium-sized businesses in the national economy in conditions of economic instability

Abstract

Purpose of the research is to determine the role of small and medium-sized businesses in the national economy during the crisis, as well as suggest ways of its development. Methodology. In the course of the study, an economic analysis of the activities of small and medium-sized businesses was carried out on the basis of offi cial data using the economic and statistical method. Originality / value. The study examines the role of small and medium-sized businesses in the national economy in conditions of economic instability caused by internal and external factors. The objective need for the development of small and medium-sized businesses, especially in the context of a geopolitical confl ict, is revealed. The classifi cation of business entities is systematized and a comparative assessment of foreign experience is considered. In addition, the main indicators determining the role of small and medium-sized businesses in the national economy are calculated and analyzed, conclusions and suggestions are made based on the analysis. Findings. Based on the results of the study and analysis, the main conclusions were drawn that determine the essence and role of small and medium-sized businesses in the system of the national economy. As a result of vertical and horizontal analysis of small and medium-sized businesses, their potential, features and development prospects were identifi ed. Conclusions and recommendations for the development of small and medium-sized businesses have been developed.