Evaluation of the economic efficiency of creating a small business in the Arctic
https://doi.org/10.25587/SVFU.2023.55.45.003
Abstract
The practical aspect of studying the economic efficiency of small businesses in the Arctic is relevant in the light of the development of this region and the implementation of the strategy for the development of small businesses in Russia.
The purpose of this study is to evaluate the economic efficiency of creating a small business in the Arctic region based on the analysis and identify promising areas for business development in this region.
To achieve the goal, the following tasks were set: to diagnose the state of small business in the Arctic and identify the most promising industries for investment; calculate economic efficiency indicators, including return on investment, profitability and net profit; assess the problems faced by small businesses in the Arctic region, as well as identify promising areas for business development.
Small business in the Arctic has great potential for development, but faces some challenges. In order to develop effectively, small businesses need to identify the most promising industries for investment and calculate economic efficiency indicators, such as return on investment, profitability and net profit. An important aspect is also the assessment of the problems faced by small businesses in the Arctic region and the identification of promising areas for business development. The study of the economic efficiency of small businesses in the Arctic will help small businesses optimize their work and achieve greater profits, as well as contribute to the development of the region as a whole.
About the Authors
A. E. SpiridonovRussian Federation
Andrey Egorovich Spiridonov, master’s degree in the program «Enterprise Management»
Institute of Finance and Economics
Yakutsk
E. V. Sibileva
Russian Federation
Elena Valerievna Sibileva, PhD in Economics, Associate Professor
Financial and Economic Institute
Department of Management
Yakutsk
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Review
For citations:
Spiridonov A.E., Sibileva E.V. Evaluation of the economic efficiency of creating a small business in the Arctic. Arctic XXI Сentury. 2023;(2):30-41. (In Russ.) https://doi.org/10.25587/SVFU.2023.55.45.003