ADAPTATION OF SMALL AND MEDIUM-SIZED ENTREPRENEURSHIP TO THE CURRENT ECONOMIC CONDITIONS AGAINST THE BACKGROUND OF THE COVID-19 PANDEMIC
Small and medium-sized businesses play a special role in developing competition and improving the economy. The state has always tried to support this sector, but in the context of an unstable macroeconomic situation against the background of a pandemic, the importance of such support only increases. However, additional support measures taken by the government for small and medium-sized entrepreneurship due to the spread of the pandemic have not yet produced an effective result. The purpose of this research is to study the current mechanism for supporting small and medium-sized businesses and formulate economically sound proposals that allow them to adapt to difficult conditions. The study uses comparison methods, in particular, analyzes the level of financial support for small and medium-sized businesses in the dynamics over the past decade, and estimates the share of such support in the future. The results of the study confirmed that additional support mechanisms cannot be fully implemented due to their insufficient development. Proposals were made to allow small and medium-sized businesses to adapt to the current economic conditions, in particular, they identified areas of activity that they can develop in conditions of macroeconomic instability.
Keywords: adaptation, small and medium-sized businesses, economic conditions, pandemic, financial support, areas of activity.
Highlights:
♦ the state of small and medium-sized businesses in the current macroeconomic instability is determined;
♦ the reasons and factors that prevent small and medium-sized businesses from receiving the fullest possible state support have been identified;
♦ there are suggested areas of activity that are in demand in the conditions of restrictions, which can be mastered by small and medium-sized businesses.
Nikolay A. Ivantsev, Candidate of Economics, Teacher of Cheboksary Technical SecSchool Transstroytech of the Ministry of education of Chuvashia.