SMALL AND MEDIUM ENTERPRISES IN THE CONTEXT OF CONTEMPORARY ECONOMIC DEVELOPMENT

In the contemporary period, the small and medium enterprise sector is the main vector of sustainable economic development, with a substantial weight in creating the gross domestic product and providing jobs. In this context, the paper highlights the bi-univocal relationship between the attributes of small and medium enterprises, on the one hand and the coordinates defining the modern knowledge-based economy, on the other hand. Also, in this paper the small and medium company is approached and analyzed as the prototype of sustainable organization, based on knowledge.