Open AccessSME Support on Regional Level in Republic of North Macedonia – The Role of the Business Centers Within the Centers for Development of the Planning Regions
Author(s) -
Marija Karaeva,
AUTHOR_ID,
Vesna Goceva Mihajlovska,
AUTHOR_ID
Publication year - 2021
Publication title -
international scientific conference eraz. knowledge based sustainable development
Language(s) - English
Resource type - Conference proceedings
ISSN - 2683-5568
DOI - 10.31410/eraz.2021.143
Subject(s) - entrepreneurship , business , promotion (chess) , economic growth , sustainable development , poverty , regional development , flexibility (engineering) , indigenous , regional science , political science , geography , economics , finance , ecology , management , politics , law , biology
Entrepreneurship has received increased attention during the last few decades. Private entrepreneurship provides numerous opportunities for the economic development of society. Entrepreneurship marks its peak through the development of small and medium-sized enterprises (SME). The advantages and attributions from SMEs have been widely accepted as a great influence factor on job creation and support of regional revitalization, based on the development of indigenous resources, great flexibility and promotion of industrial innovation. Entrepreneurship also provides a solid basis for sustainable local and regional economic development. It contributes towards decreasing the regional disparities both, within the country itself and among countries as well. SMEs are supposed to initiate economic development in underdeveloped regions with very high poverty levels and living standards, thus alleviating the economic and social integration of the country. Taking this into consideration, there is a need for local and regional structures in the country to concentrate their activities on providing various measures and activities aimed at initiating and stimulating the development of small and medium-sized enterprises.