Functioning of small and medium-sized business in today’s economy
Small and medium-sized businesses play an increasing role in the modern development of the Russian economy. Globally, state support of small and medium business in the interests of the nation is considered normal. The state’s duties are not limited to providing small and medium-sized businesses access to financial, technical, technological, and other resources on favorable terms and supporting private enterprise at any cost. Continuous monitoring of business activities, changes in federal legislation, simplifications of tax reporting (paperwork reduction), and numerous other initiatives reveal the importance of small and medium-sized businesses and the necessity of improving control over entrepreneurship. An integrated approach to solving the problems of small and medium-sized businesses will provide a multiplier effect not only in this area but also in other areas of economic activity, and the economy as a whole.