Foreign Experience of Small Business Development

L.V. Ribun, G.A. Lech, I.M. Vaskovych


Smallbusinessasaseparatesectorofthemarketeconomyisconsidered. Special attention is paid to the problem of small business that has become increasingly urgent in recent years, both in our country and in developed countries. Small business has a number of major economic and social problems. Besides tax deductions to the state budget, it develops the real sector of the economy, creates jobs, and promotes competition. Therefore, small business development is an important task of the state.

Small businesses is characterised, its role in the market economy of various countries is elucidated, and also its positive and negative sides are highlighted.


small business; sustainable development; employment; tax deduction

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