EXPERIENCE OF SMALL BUSINESS DEVELOPMENT IN DIFFERENT COUNTRIES OF THE WORLD

Abstract

The development of small business in foreign countries is proceeding at a fast pace as this subject of economic relations is given more importance: at present, small business is a middle class that serves as a base for the stable development of the economy of foreign countries. The small business sector represents the most extensive network of enterprises and individual entrepreneurs, operating mainly in local markets and directly related to the mass consumer of goods and services. Together with the small size of small business, their technological, production and management flexibility, this allows you to respond to changing market conditions responsibly and in a timely manner. The article analyzes the development of small business in the world. The country issues of small business development in different countries are analyzed. The achievements and shortcomings in the development of small business in a number of countries of the world are reflected.