The Impact of Economic Crises on the Activity of SMEs in Romania
Abstract
Never before the future of economic recovery and development, both in Romania and in Europe has depended so much as today on the SMEs sector evolution, because, in the current context, SMEs are the most dynamic factor in economic development and social inclusion, because of their potential for competitiveness and innovation and the ability to create and maintain jobs. Economic successes and failures of the enterprises in Romania are determined, to a large extent, by managerial skill, work quality of the personnel employed, structure of production, final product, the originality of products, economic activities, the number of employees, labor occupation structure, the turnover of enterprises and local units, gross and net investments of businesses, etc. This research paper represents a blueprint for the SMEs sector and also an analysis of the changes in the evolution of active SMEs in Romania due to the impact of the economic crisis of recent years on their activity.References
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