The place and role of small and medium-sized businesses in the modern economy

The presented article reveals the features, place and role of small and medium-sized businesses in the modern economy, substantiates the thesis that in order to increase the efficiency of the functioning of small and medium-sized businesses, appropriate conditions must be created and support from the state must be provided. Based on the results of the study, the most pressing problems that impede the further development of small and medium-sized businesses and possible directions for its transformation, aimed at increasing its efficiency in the economy of the Russian Federation, were identified.