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The Effects of New Legislation Application on Entrepreneurs Operation

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  • Knezevic, Mirjana

Abstract

The subject of the paper are effects of legislative application that are directly or indirectly related to matter of entrepreneurship who, in order to gain profit perform certain economic activity independently, strives to find successful business ideas and implement them on the market according to current legislation. The goal of the paper is to demonstrate that existing legal regulative does not provide sufficient protection of entrepreneurial sector, although there are enacted series of laws that are directly or indirectly related to entrepreneurial matter, whose application should enable recovery of entrepreneurial sector, economic development and higher employment of population. The paper starts with hypothesis that in Serbia the activity of entrepreneurs is made more difficult primary due to unfavorable conditions of market operations, difficulties in collecting payments, high taxes and unfair competition. Defined hypothesis is approved in the paper through comparative analysis of outstanding legislation and its effects on entrepreneurs operations in practice. Enactment of the law that would specially and in many details regulate the institute of entrepreneur, as well as introduction of new incentives and exemptions for entrepreneurial activity would create good foundation for future development of this institute which should be one of promoters of lapsed economy in Serbia.

Suggested Citation

  • Knezevic, Mirjana, 2012. "The Effects of New Legislation Application on Entrepreneurs Operation," Ekonomika, Journal for Economic Theory and Practice and Social Issues, Society of Economists Ekonomika, Nis, Serbia, vol. 59(2), June.
    • Handle: RePEc:ags:sereko:288787
    DOI: 10.22004/ag.econ.288787
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