The critical role of small businesses in the US economy

Gribachev Pavel Aleksandrovich

The relevance of the article is due to the fact that the development of small business is associated with the commercialization of innovations, cooperation between small and large enterprises, the development of business infrastructure and self-government, and this affects the development of the country's economy and science. The purpose of the article is to analyze the features of the development of small business in the United States, on the basis of statistical data, to substantiate the critical role of this sector of the economy. The systematization and generalization of scientific literature were used as research methods. It is shown that a comprehensively balanced development of small and medium-sized enterprises should be carried out in a well-thought-out strategic direction, creating dynamic enterprises and new jobs, developing physical and institutional infrastructure, restructuring the regional economy, introducing new industries. The decisive role of small business in the US economy with an increase in the efficiency of economic entities, the growth of business culture, and the formation of a positive image of an entrepreneur.

Keywords:small business strategy, economic development, regulatory policy, jobs, competitive advantage.