Analyzing the Impact of COVID-19 Pandemic on Sustainable Development of Sme Entities
In this article the author studies the impact of the pandemic on entities of small and medium entrepreneurship. Topicality of the problem in business is becoming more and more serious due to the spreading pandemic. Every day we can hear experts talking about possible consequences of the pandemic. Al...
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| Main Author: | |
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| Format: | Article |
| Language: | Russian |
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Plekhanov Russian University of Economics
2022-02-01
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| Series: | Вестник Российского экономического университета имени Г. В. Плеханова |
| Subjects: | |
| Online Access: | https://vest.rea.ru/jour/article/view/1251 |
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| Summary: | In this article the author studies the impact of the pandemic on entities of small and medium entrepreneurship. Topicality of the problem in business is becoming more and more serious due to the spreading pandemic. Every day we can hear experts talking about possible consequences of the pandemic. All of them come to the same conclusion: today’s economy suffers a setback. Full lockdown, self-isolation, numerous restrictions have exerted a serious impact on entrepreneurship. Small and medium business possesses the lowest level of stability as compared with big business, therefore within the period of economic slump it incurs maximum losses. It is necessary to mention the situation with customers and clients. Real incomes of the population are going down and buying capacity is dropping. All these factors influence companies and as a result they lose profits. SME is crucial for the development of the state economic strategy. Protection and support of this sphere shall be a priority for economy. |
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| ISSN: | 2413-2829 2587-9251 |