IMPROVING THE MECHANISMS FOR INCREASING THE EFFICIENCY OF SMALL BUSINESS ENTERPRISES IN THE REGION.
Abstract
According to the U.S. Bureau of Economic Analysis (USEBB), due to improper regional economic specialization, inadequate execution of fiscal and monetary policies, and several other reasons, 67.7% of small businesses, 78% of medium-sized businesses, and 80% of large businesses have economic indicators. Data from the World Chamber of Commerce indicates that, due to the low economic efficiency of regional small businesses, over 340 million jobs are expected to be created in Asia, 180 million in Europe, 100 million in North America, and 220 million in South America; however, the operations of business entities are currently at a standstill. This article analyzes mechanisms for improving the efficiency of small business enterprises in the region.
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