THE ESSENCE AND CONCEPT OF ENTREPRENEURSHIP IN UKRAINE
Journal Title: Проблеми системного підходу в економіці - Year 2017, Vol 6, Issue 62
Abstract
With the strengthening of globalization processes in the country’s economy, requirements for the study of absolutely all institutional subjects are increasing. The development of entrepreneurship is the basis for the economic growth of any country, as well as an increase in gross domestic product and national income. For a long time, the problem of entrepreneurship as an institution and subject of the economy was underestimated by scientists. As an economic entity, entrepreneurship functions in labour markets, consumer goods, financial markets, and other spheres of the economy. Its economic behavior and functions contribute to the formation of production and economic potential, determine the pace of economic growth, and influence the results of economic and social reforms in the country. The essence of any economic category is revealed in its functions. The author has formed a set of the following functions: production, resource, social, innovation, and organizational. Investigated the difference between individuals and legal entities that are subjects of management. Identified and described their characteristics and, according to it, the difference between micro-business, small, medium and large business is established. One of the key points of market transformation is a small business. In developed countries, small business is an integral part of the market economy. Entrepreneurship is an indispensable, defining a feature of the market, its inalienable element, since the most important condition for the transition to the market is the formation of subjects of market relations, which roles entrepreneurs are performing. Without them, the market is impossible, as the entrepreneurial activity is impossible without a market. Entrepreneurship is a very capacious concept; it includes a combination of economic, legal, political, historical, and psychological relationships. The author reveals the notion of “entrepreneurship”, namely that it is the activity of a business entity founded for its own money and at its own risk, which is carried out for profit, and is also the basis for the development of innovation activity and market economy in the country.
Authors and Affiliations
O. I. Shkirko
Keywords
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