The Development and Importance of Small and Medium Enterprises in the Polish Economy During the Economic Slowdown

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THE DEVELOPMENT AND IMPORTANCE OF

SMALL AND MEDIUM ENTERPRISES IN THE

POLISH ECONOMY DURING THE ECONOMIC

SLOWDOWN

Anna Nijakowska - Augustyn*1

Abstract

The purpose of this article is to discuss the condition of the sector of small and PHGLXPVL]HGHQWHUSULVHV60(VDQGLWVLPSRUWDQFHLQWKH3ROLVKHFRQRP\ during the economic slowdown. The SMEs around the world play a significant role in the economic growth of many countries, as well as in the job creation or in the development of selected sectors or whole countries. The paper presents a classification of SMEs and the current state of the SME sector in Poland. In addition, the study attempts to prove that this sector, currently represents a significant segment of the Polish economy in the context of the micro- and macro-economic factors, especially during the economic downturn.

Keywords: SME sector, economic slowdown, importance of SMEs 1. Introduction

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