Small and Medium Businesses in the System of Stable Economic Development in the Conditions of Digital Economy

DOI

10.2991/aebmr.k.200324.098How to use a DOI?

Keywords

Ingushetia, Chechnya, entrepreneurship, business, digitalization, economy, transformation

Abstract

Digitalization of the economy allows us to analyze the results of the activities of firms regarding the chosen form of ownership and the form of management. According to official figures in the North Caucasus republics, in recent years the production of material goods is more efficient in private small enterprises than in collective farms. In our opinion, this was a condition for the globalization of the economy in developed countries, where small and medium-sized enterprises are considered the main link in the market economy and part of a competitive mechanism. The methods we used: interviewing potential entrepreneurs, analyzing the activities of business entities showed that most young people prefer to work in their small enterprises with private factors of production than in collective farms. In response to these and other materials that we submitted to the relevant departments, we expect a positive result in expanding the freedom of producers. This problem is acute in Chechnya, where there is no diversification of agricultural production by ownership. Currently, the studied forms of doing business are defined all over the world as a significant element of sustainable economic development and a way to achieve stability in society, being a generator of structural changes in the national economy. Russia is getting closer and closer to the definition of small and medium-sized enterprises, not only in terms of resource potential, but also in the cost of marketable products. This became the fundamental pivot during the emergence of the economy of the youngest constituent entity of the Russian Federation (RF) - the Republic of Ingushetia (RI) in the early 90s (established in 1992) and the restoration of the economy of the Chechen Republic (CR) after the well-known events. With the development of the digital economy, the face of openness of competition is changing, therefore, at this stage, the importance of research on small and medium-sized enterprises in the context of developing proposals for the formation of sustainable foundations of economic growth is one of the urgent tasks of domestic economic science, which predetermined the choice of research topic, its theoretical and practical significance.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yusupova Malika Dokkaevna
AU  - Bulguchev Murat Khamzatovich
PY  - 2020
DA  - 2020/03/30
TI  - Small and Medium Businesses in the System of Stable Economic Development in the Conditions of Digital Economy
BT  - Proceedings of the “New Silk Road: Business Cooperation and Prospective of Economic Development” (NSRBCPED 2019)
PB  - Atlantis Press
SP  - 524
EP  - 529
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200324.098
DO  - 10.2991/aebmr.k.200324.098
ID  - Dokkaevna2020
ER  -