The Role of Small Business in the Economy and Methods of Its Government Support Using the Example of the Republic of Latvia

Abstract

Research purpose. The purpose of this study was to determine the role of small and medium enterprises in the economy, as well as to study and evaluate the effectiveness of government support methods for small business entities (SMEs) using the example of the Republic of Latvia. The subject of the research was the system of state regulation and promotion of SME development. The object of the research was the sphere of small business in the Latvian economy, including SMEs, infrastructure support and development of small business.

Keywords

• government support for small businesses
• latvian economy
• small business
• sme
• e60
• g28
• h71
• r11