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- Title
MOST FAVORABLE FINANCIAL INSTRUMENTS for ENTREPRENEURSHIP DEVELOPMENT.
- Authors
ZAREZANKOVA-POTEVSKA, Marija
- Abstract
Entrepreneurship development as a dynamic factor for economic development throughout the centuries, nowadays in high priority a industrial policies in the countries where the authorities find that is it very important tool for create innovative society and raising the new economy. Entrepreneurs generally have business ideas and difficulties and obstacles to realized them because of lack of financial means for it. The business ideas and question of finance them are most important issues in creation of entrepreneurial society. Developed countries have different sources for financing business ideas of entrepreneurs, which is quite good example for less developed counties how to create favorable financial sources for support small and medium sized enterprises and entrepreneurs. Different sizes of enterprises need different kinds of financial support as micro loans, grants, specialized bank for small business, favorable credits and credit guarantees schemes. Big banks provide commercial credits to large enterprises, because of their financial power to return them under commercial condition. With entrepreneurship and SMEs the situation is rather different and difficult. For that reason, financing of small business development ask wider lists of financial instruments. Lack of tradition and background in running business stop the banks to provide the adequate loans to entrepreneurs and small and medium sized enterprises.
- Subjects
ENTREPRENEURSHIP; SMALL business; ECONOMIC development
- Publication
Vizione, 2017, Issue 28, p337
- ISSN
1409-8962
- Publication type
Article