Evolution and modern features of entrepreneurship's expression in innovative small and medium-sized enterprises

Relevance of the research and the extent of investigation. Entrepre-neurship penetrates to all spheres of nowadays life starting from personal life, institutions and ending in regional or country development. The importance of entrepreneurship is not argued in the development of nowadays economy. En-trepreneurship helps to make a distinguishing position in the market, increase activity competitiveness and strengthen competitiveness of an enterprise. En-trepreneurship is one of the spheres which development is supported by large amount of financial funds in the European Union (EU). Such a support is very important for less developed countries, their enterprises, especially small and medium-sized, for entrepreneurs. Entrepreneurship as business phenomenon is an actual research object in social sciences. Entrepreneurship in management and business practice might be expressed by certain features , which identification is an actual question of the scientific research. In modern management theory the question of the entre-preneurship is important, broadly analysed and discussed in research works. The analysis of the entrepreneurship’s expression and its features, at first, starts from research works on entrepreneurship itself, from classical and neo-classical economic theory initiators such as R. Cantillon, J. B. Say, J. S. Mill, A. Smith, J. Bentham, D. Ricardo, G. Schmoller and their scientific researches, fulfilled in 1730-1900. They analysed different aspects of... [to full text]