Impact of the pandemic (COVID-19) on entrepreneurship in Russia
Abstract
A world-class pandemic has affected absolutely all spheres of human life and society. All macroeconomic agents – households, firms, the government, the foreign sector – had to adjust to the new economic conditions caused by Covid-19. A serious negative shock to aggregate demand and aggregate supply affected the business sector at all levels, from small to large. In this situation, some industries have strengthened their competitive positions, others have weakened. The goal of the latter during a pandemic is to stay in the “golden mean”, maintain a balance and not leave the market. Some enterprises, failing to cope, were still forced to leave the market. Most of all, this affected the newly created enterprises. As a result, problems such as widespread unemployment, low productivity, supply chain disruption and economic downturn have emerged. By adapting, entrepreneurs have qualitatively changed the conditions for maximizing the profit of enterprises. New tools for the development of entrepreneurship provide a guarantee for the preservation of large and small enterprises in a tough and cramped economy. The article analyzes the development of entrepreneurship in different sectors of the economy, its transformation, as well as the creation of the status of sustainability in critical periods.
About the Authors
L. A. Shildt
Ufa State Petroleum Technical University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor.
G. G. Karachurina
Ufa State Petroleum Technical University
Russian Federation
Russian Federation
PhD in Economics, Associate Professor.
A. V. Gaisina
Ufa State Petroleum Technical University
Russian Federation
Russian Federation
Senior lecturer.
Ya. A. Nikiforov
Ufa State Petroleum Technical University
Russian Federation
Russian Federation
Student.
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Review
For citations:
Shildt L.A., Karachurina G.G., Gaisina A.V., Nikiforov Ya.A. Impact of the pandemic (COVID-19) on entrepreneurship in Russia. Kazan economic vestnik. 2021;(1):15-21. (In Russ.)
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