Analyzing the Impact of COVID-19 Pandemic on Sustainable Development of Sme Entities
https://doi.org/10.21686/2413-2829-2022-1-103-108
Abstract
In this article the author studies the impact of the pandemic on entities of small and medium entrepreneurship. Topicality of the problem in business is becoming more and more serious due to the spreading pandemic. Every day we can hear experts talking about possible consequences of the pandemic. All of them come to the same conclusion: today’s economy suffers a setback. Full lockdown, self-isolation, numerous restrictions have exerted a serious impact on entrepreneurship. Small and medium business possesses the lowest level of stability as compared with big business, therefore within the period of economic slump it incurs maximum losses. It is necessary to mention the situation with customers and clients. Real incomes of the population are going down and buying capacity is dropping. All these factors influence companies and as a result they lose profits. SME is crucial for the development of the state economic strategy. Protection and support of this sphere shall be a priority for economy.
About the Author
I. A. Kalinina
Plekhanov Russian University of Economics
Russian Federation
Russian Federation
Irina A. Kalinina - Doctor of Economics, Head of the Department of Digital Educational Technologies, Professor of the Department for Theory of Management and Business-Technologies
36 Stremyanny Lane, Moscow, 117997
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Review
For citations:
Kalinina I.A. Analyzing the Impact of COVID-19 Pandemic on Sustainable Development of Sme Entities. Vestnik of the Plekhanov Russian University of Economics. 2022;(1):103-108. (In Russ.) https://doi.org/10.21686/2413-2829-2022-1-103-108
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