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Published October 31, 2019 | Version 1
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Development of the functional of entrepreneurship and socio-economic basis formation of sustainable development.

Authors/Creators

  • 1. Y.

Description

The article shows that entrepreneurship acquires the status of a phenomenon fundamentally important for sustainable development as one of the main stakeholders of its socio-economic basis, which plays a triple role, while acting as an important factor, part of the economic component and mechanism for sustainable development, forming its socio-economic basis.

It is substantiated that the peculiarities of the development of entrepreneurship as a socio-economic phenomenon in a country that has chosen the path of sustainable development are to change its functionality. The provider-activator function is added to the traditional functions, which provides for the active participation of entrepreneurs and business structures in ensuring sustainable development in the process of carrying out their business activities. Changing the vector of the innovation function is complicated by domestic realities: unfavorable initial conditions for sustainable development are a prolonged economic crisis and unbalanced business development.

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