STATE OF SMALL AND MEDIUM-SIZED BUSINESSES IN RUSSIA

Abstract

Aim. The purpose is to study the features of the development and existence of domestic small and medium-sized businesses over the past decade, which are an important component of the country's national economy. Methodology. The institutional environment of private business at the present stage is assessed. The statistical material is analyzed. The theoretical and methodological basis of the paper relies on the works of authors directly involved in business, as well as on the research of the authors who consider this economic activity from a methodological point of view. Results. The paper deals with specific situations that hinder the normal development and existence of small and medium-sized businesses. The issue of changing the institutional environment of the economy is becoming especially relevant in connection with the challenges associated with sanctions against Russia, as well as the serious dependence of the country's budget on raw materials. Domestic entrepreneurship as a whole can be considered as a dynamically developing sector of the economy, contributing to its diversification that is currently an important issue for the economic policy of the state. Therefore, small and medium-sized business could become the locomotive and would lead the country out of further technological and socio-economic trouble. Research implications. The research results can be used in practical activities to study the state and problems of domestic small and medium-sized businesses. The significance of the work lies in the fact that it shows the current state of small and medium-sized businesses.