Small and medium-sized entrepreneurship of Kazakhstan in times of crisis: current condition, problems, recommendations

Abstract

The global crisis had an impact on all countries, including Kazakhstan, by influencing political, social, economic situation of the countries. Ultimately, macroeconomic indicators, the level of well-being of the population, production output in some industries, supply and demand, the contribution and development of small and medium-sized Kazakhstani entrepreneurship were affected by it.

This article examines the current state of entrepreneurship, its main indicators and external factors, presents recommendations for further development of entrepreneurship in various sectors of the economy of Kazakhstan, which affect the productive activities of small and medium-sized entrepreneurship (SME) in the context of overload and the global crisis, caused by СOVID-19.

The study took into account the opinion of prominent academic economists on the basis of a theoretical review of the topic of this study. Moreover, the given research determines peculiarities of entrepreneurship in Kazakhstan, defines factors which affect the activities of SMEs, deepens the understanding of the subjects of entrepreneurship and its role in the system of economic relations. For that purpose statistical methods, comparative analysis, vertical and horizontal analysis, and synthesis were used in the research. Thus, as a result of the study, recommendations for further enhancement of the activities of entrepreneurial structures in risky conditions have been proposed.