Proceedings of The International Virtual Conference on Management and Economics
The Role of Small and Medium-Sized Businesses in the Russian Economy
Ekaterina Erokhina , Olga Protasova and Martinovich Svetlana
The role of small business in the Russian economy is multifaceted. Small enterprises are oriented towards satisfying consumer demand; they provide de-monopolization of the economy in comparison with producers-monopolists possess flexibility; contribute to the development of competition in the field of production, providing improved quality of products; more efficiently use equipment and material resources, etc.
Keywords: business, medium enterprises, micro enterprises, small enterprises.