ABOUT ROLE OF SMALL AND MEDIUM BUSINESS IN INNOVATIVE ECONOMY
Alekseeva Galina Mikhailovna
Moscow Witte University
Abstract. The article draws the reader’s attention to the important role that small and medium business plays in the development of national economy. The author highlights the peculiarities of such enterprises functioning in Russia, specifies criteria for classifying firms as relating to small and medium business. The article also discusses the main advantages of small and medium business with respect to larger business entities.
Key words and phrases: предпринимательство, малый бизнес, средний бизнес, предпринимательский риск, инновационная экономика, business, small business, medium business, business risk, innovative economy
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