State regulation of the sphere of small and medium-sized businesses in the Russian Federation in order to increase its efficiency

Abstract

Particular attention in the economy of any country is paid to the small and medium-sized enterprise (SME) sector, since it is this sector that is the driving force of economic growth, which is confirmed by a number of studies. Obviously, the numerical superiority of small and mediumsized companies over large ones. Consequently, SMEs provide a significant share of the population with income and jobs. The quantitative growth of the sector contributes to the creation of new jobs, an increase in competition and labor productivity, an improvement in product quality, the development of innovations, an increase in the welfare of the population and structural transformations in industries, that is, qualitatively favorable changes in the markets and in the country’s economy.