Page 110 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 97-117

It was assumed that monopolization will grow louder in the second half of the

twentieth century. However, subsequent events showed that these assumptions are

not correct. Also at this time the increasing number of small enterprises which is an

important factor of socio-economic stability in developed market economy

countries was observed. The role of small business especially increased in 70s

when the economic situation in developed countries worsened. For the first sight a

strange economic event has been observed – unlike large enterprises small

enterprises often could stand better to economic difficulties.

The enterprises which number of employees less than 50 created 12 million

jobs in USA in 1974-1984. At the same time, the 500 largest corporations reduced

1.6 million workplace [Small and medium-sized business. 1991, p. 3]. The

employment of the population in little industrial companies on average increased

by 2.5% annualy in France on the second half of 70s, in average industrial

companies this figure remained stable, in big industrial companies decreased by

1.2%. As little and medium-sized companies compensated reductions on big

companies creating approximately 670000 workplace, big companies reduced

more than by 200000 workplace in 1977-1985 in Germany [Small business in

Western Europe. 1991.p.12].

The rapid development of small enterprises was continuing in the condition of

economical renascence in the years of 80-90s. This condition showed that growth

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