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The Small and the Medium Size Enterprises in the Industry

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  • Pencho Penchev

Abstract

In this study we show the importance of the small and middle enterprises for the industrial development of Bulgaria by comparison with the economic situation in the more developped countries. The emphasized point here is the clarifying of the essential characteristics of these economic units. We support the thesis that without such a characteristics, which should be in a legislative form too, we can not expect positive results. We also pay attention to the factors that infer the formation and functioning of the small and middle enterprises. In the study we emphasize that enterprises of such type are not transitional. They are and will be of vital importance not only now but in future too.

Suggested Citation

  • Pencho Penchev, 1998. "The Small and the Medium Size Enterprises in the Industry," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 112-133.
    • Handle: RePEc:bas:econst:y:1998:i:2:p:112-133
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