Enhancing the Role of Small Entrepreneurship in Innovation-Driven Economy
DOI:
https://doi.org/10.69760/portuni.26020007Keywords:
small business, agrarian economy, competition, food security, market environment, consumer demandAbstract
Small business, as a driving and leading force in the agrarian economy, plays a decisive role in ensuring food security and advancing the strategic priorities of economic development. In contemporary conditions, the expansion of small enterprises enhances the competitive environment among economic entities and supports the sustainable development of the agricultural sector. Within the framework of the new economic system, entrepreneurship evolves alongside the formation of new property relations in the agrarian sphere. Therefore, it is essential to examine the regulation of business relations and the development of the market environment in connection with the key directions of economic transformation.
As a dynamic component of economic growth, business entities seek to generate profit by satisfying consumer demand. Their activities, which combine production factors through personal initiative and direct responsibility, are grounded in economic and legal principles. The organizational foundations of small business create the initial conditions necessary for entrepreneurship and the effective functioning of the agrarian business environment.
The development of entrepreneurship in agriculture largely depends on the competitive climate and the availability of equal partnership opportunities. Consequently, the existing theoretical and methodological framework requires a comprehensive evaluation of this potential. Particular attention should be given to assessing the capacity of businesses to shape a favorable market environment in the agricultural sector. Such an assessment must consider sectoral requirements, key influencing factors, and the territorial characteristics of business activities.
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