Private entrepreneurship: development and strategic achievements of small business

Abstract

This article provides an in-depth analysis of the crucial role of private entrepreneurship and small businesses in national economic development. It specifically highlights the contribution of this sector to creating new jobs, generating higher incomes for the population, implementing innovative solutions, and exporting national products to global markets. Furthermore, it outlines the necessary support mechanisms for small business development, including legal and financial opportunities, incentives for innovative ideas, and proposals for expanding export activities. The main objective of the article is to showcase the achievements of small businesses and identify the challenges hindering their sustainable development, thereby outlining pathways for future growth.