№ 2 (22) 2024
The main press body of the Azerbaijan Academy of Labor and Social Relations is the scientific-practical magazine “Labor and Social Relations”. The magazine is published twice a year in the volume of 8-10 printed sheets, with a circulation of 200. Today, at a time when scientific journals are in the majority, the articles presented in the “Labor and social relations” scientific-practical journal show a high scientific level, training and strengthening of intellectual potential, improving the quality of education, contributing to the study of social labor relations problems, information technologies to apply the successes achieved in the field in recent years in international scientific cooperation, etc. such important tasks.
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About article
THE MAIN FEATURES OF THE DEVELOPMENT OF ENTREPRENEURSHIP
Ümid Həsənov
Bakı Dövlət Universiteti, sos.e.d., professor has_rm62@yahoo.com
ABSTRACT
Behind the word “entrepreneurship” is a business, enterprise, product or service. Entrepreneurship development plays an important role in economic success and industrial growth. Economic innovation is the basis of a productive nature. Entrepreneurship has resource, organizational, creative and venture functions.
The following ideas comprehensively reveal the essence and content of entrepreneurship:
– The meaning of entrepreneurial activity is to satisfy the population’s demand for goods and services.
-Satisfaction of needs is achieved by using property.
-The driving force and purpose of entrepreneurship is to make a profit.
– Engaging in entrepreneurial activity is an inalienable right of a citizen.
– Entrepreneurship is not a one-time activity, but a continuous effort, a systematic activity. -Entrepreneurship is inherently risky. Here, the risk arises from the possibility of loss for reasons beyond the control of the entrepreneur.
– The entrepreneur is responsible for the consequences of the risk.
– The state does not interfere in commercial activities. One of the mechanisms that prove entrepreneurship to be a complement to innovation is the existence of this action orientation. Entrepreneurial orientation refers to the strategy-development processes and practices in which managers engage in the identification and creation of new opportunities.
Purpose – the development characteristics of entrepreneurship and the role of SMEs in macroeconomic development it consists of making effective proposals based on theoretical knowledge in the direction of researching the contributions to the national economic system in the conditions of global competition.
Methodology – methods of analysis, systematization and generalization were used during the research.
The results of the research – reforms in this area, including the introduction of effective mechanisms for the promotion of exports and investments, the development and implementation of numerous measures to support local production, the reduction of the tax burden by expanding the taxation base, the simplification of the procedures for obtaining preferential loans and the use of other financial support mechanisms is the giving of contributions that can be made to entrepreneurs.
Keywords: entrepreneurship, small and medium business, development, characteristic