Economic Aspects and Significance of SMEs

Nikoloski, Krume and Miceski, Trajko and Paceskoski, Vlatko (2015) Economic Aspects and Significance of SMEs. European Journal of Business and Management, 7 (33). pp. 61-69. ISSN 2222-2839

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In a world that is marked by a fierce competition, in which the actors that are in play change the rules of the
market, forcing enterprises to change the fundamentals of their competivity and their economic performance,
holding technological resources has become a major strategic stake for enterprises. SMEs, the backbone of an
economy, whether we are referring to the economy of a random state, or the world economy, have to answer
these changes and offer competitive goods and services, adjusting the quality of the production factors to these
changes. Thus, the competitiveness for SMEs is an essential condition to be able to endure. This paper will
adress the evolution and importance of SMEs in the economy.
Keywords: economy, business climate, small enterprises, medium enterprises, competitiveness

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Krume Nikoloski
Date Deposited: 09 Dec 2015 11:04
Last Modified: 10 Dec 2015 12:44

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