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Development of Small and Medium-Sized Enterprises on the Example of the Russian Federation and the Slovak Republic

Author

Listed:
  • Askar N. Mustafin*

    (Kazan Federal University, Institute of Management, Economics and Finance, senior lecturer of the department of Economic Theory and Econometrics)

  • Jaroslav Gonos

    (University of Presov, Faculty of Management, PhD, lecturer of the Department of Economic Sciences and Economy)

  • Katarína ?ulková

    (Technical University in Kosice, Institute of Earth Resources, PhD, associate professor of the Faculty of Mining, Ecology, Process Control and Geotechnology)

Abstract

Small and medium-sized enterprises in the modern market economy play the role of one of the main sectors that determine the vector and rates of economic growth of the gross domestic product. All developed countries strongly support the small and medium-sized business sector, since the structure and quality of GDP directly depends on it. This article examines the impact of small and medium-sized businesses on the economy of the Russian Federation and the Slovak Republic. The article compares the analysis and identifies the necessary conditions for starting business in the countries under consideration. The authors provide statistical data on the structure of small and medium-sized businesses identifies problems that slow down the development of small businesses and suggests ways to solve existing problems in this sector of the economy.

Suggested Citation

  • Askar N. Mustafin* & Jaroslav Gonos & Katarína ?ulková, 2018. "Development of Small and Medium-Sized Enterprises on the Example of the Russian Federation and the Slovak Republic," The Journal of Social Sciences Research, Academic Research Publishing Group, pages 85-89:5.
    • Handle: RePEc:arp:tjssrr:2018:p:85-89
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    References listed on IDEAS

    as
    1. Crick, Florence & Eskander, Shaikh M.S.U. & Fankhauser, Sam & Diop, Mamadou, 2018. "How do African SMEs respond to climate risks? Evidence from Kenya and Senegal," World Development, Elsevier, vol. 108(C), pages 157-168.
    2. Anne Gausdal, 2015. "Methods for Developing Innovative SME Networks," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 6(4), pages 978-1000, December.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Andrea Seňová & Katarína Čulková & Marcela Taušová & Katarína Teplická, 2023. "Business companies' financing peculiarities in conditions of Slovakia," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 10(4), pages 48-70, June.

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