PROSPECTS FOR THE DEVELOPMENT OF SMALL BUSINESS IN UKRAINE UNDER THE FOURTH INDUSTRIAL REVOLUTION ON THE EXPERIENCE OF THE EU

  • Yuliia Chortok Sumy State University
  • Tetiana Pimonenko Sumy State University
  • Yana Us Sumy State University
Keywords: business, development, entrepreneurship, Internet, revolution

Abstract

Gradual transition to the Fourth Industrial Revolution causes the emergence of new business forms. The article discusses the features of the Fourth Industrial Revolution as the driving force of the world economy and the economy of Ukraine. Possible directions of business development for the Ukrainian businessmen are offered Based on the assessment of the main trends of the world economic system development. After all, they most effectively adapt to changing conditions, being able to maneuver in the market. Analysis of small business features allowed to highlight the benefits of doing business in Europe, its disadvantages in Ukraine. Thus, according the survey results it can be stated on the formation of positive trends in the field of business development in Ukraine, in particular, the formation of an infrastructure of entrepreneurship support and development, simplification of registration procedures, improvement of relations with regulatory authorities and so on

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Published
2016-10-28
How to Cite
Chortok, Y., Pimonenko, T., & Us, Y. (2016). PROSPECTS FOR THE DEVELOPMENT OF SMALL BUSINESS IN UKRAINE UNDER THE FOURTH INDUSTRIAL REVOLUTION ON THE EXPERIENCE OF THE EU. Mechanism of an Economic Regulation, (4 (74), 138-144. Retrieved from http://mer-journal.sumy.ua/index.php/journal/article/view/385