Small and Medium-Sized Enterprises and Development Prospects: A Critical and Contemporary Study on Turkey
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2021
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Abstract
Small and medium-sized enterprises are the backbone of a country. SMEs create most of the employment opportunities and comprise 90% to 95% of economic activities. Therefore, these make SMEs indispensable for the development of a country. Also, SMEs are the source of innovativeness, and they are the ones that respond to niche market needs that are ignored by large businesses. Small and medium-sized enterprises are an important instigator for the improvement and renewal of national economies. Thus, the aim of this paper is to review the concept of SME, differentiating features of SMEs, market economy, and state the importance of SMEs for the Republic of Turkey.
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Aytaç Gökmen, (2021). "Small and Medium-Sized Enterprises and Development Prospects: A Critical and Contemporary Study on Turkey," International Journal of Applied Management Sciences and Engineering (IJAMSE), Vol. 8, No. 2, pp. 21-35.
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International Journal of Applied Management Sciences and Engineering (IJAMSE)
Volume
8
Issue
2
Start Page
21
End Page
35
