The importance of small business in the economy and the factors constraining its development

The small business sector is an integral, objectively necessary element of any developed economic system, without which the economy and society as a whole cannot normally exist and develop. Although the indicator of any developed state is made up by large corporations, and the presence of a powerful economic force (big capital) largely determines the level of scientific, technical and production potential, the real basis of life for countries with a market-based economic system is small enterprises as the most massive, dynamic and flexible form of business life. It is in the small business sector that the majority of national resources are created and circulate, which are the breeding ground for medium and large businesses. High adaptability and mass coverage of almost all areas of the domestic market of the country ensure the sustainability of economic development and contribute to the stability of the political climate.