The SME sector is one of the factors that contribute to economic growth in every country on the national and regional level, and it holds true to Poland and Slovakia. Although this sector grew most rapidly during the beginning transition period, it still retains its significant role in the...

Considering Cobb-Douglas function in three variables as an explicit form of production function, in this paper an attempt has been made to maximize an output subject to a budget constraint, using Lagrange multipliers technique, as well as necessary and sufficient conditions for optimal value...

This paper shows that the optimal environmental tax should be less than the marginal environmental damages; since the presence of pre-existing distortionary taxes, increasing the welfare costs is associated with the overall tax code. The reduction of pollution causes the benefits of health by...

The main attention of the submitted paper is devoted to the comparison of development of entrepreneurship in Slovak and Polish small and medium – sized enterprise sector. The conditions for blooming entrepreneurship are created in a national economy. Especially the role of SMEs in transition...

The main focus of the article is to elaborate on the importance and role of small and medium-sized enterprises in Slovak economy. The authors show development tendencies of SME sector in Slovakia in the years 1993-2006. Where it was possible the authors enumerated the data for the year 2007. The...