STUDY OF THE MECHANISM OF STATE REGULATION OF SMALL BUSINESS

The relevance of the topic is due to the need to improve the mechanism of state regulation and support for small business in the framework of stimulating the development of the economy.The subject of the research is the mechanism of state regulation and support of small business in the conditions of economic instability.The purpose of the research is development of measures to improve the efficiency of the mechanism of state regulation and support of small business in modern conditions.The article substantiates the high importance of the institution of entrepreneurship in the socio-economic development of territories. Small business contributes to saturating the market with a variety of goods and services, increasing tax revenues to budgets of all levels, creating additional jobs and, as a result, reducing unemployment and social tension in society, etc.The problems limiting the functioning of small enterprises are associated with a high tax burden, limited financial resources, imperfect legislation, excessive inspections of the tax authorities, difficulty in accessing material resources and infrastructure, etc. Measures of state regulation and support of small businesses are related to the implementation of administrative and economic methods, including legal regulation, antitrust policy, price and income control, training, licensing, subsidies, credit programs, budget investment, state guarantees, property support, etc.Having analyzed the current state of small business, it has been concluded that the state support measures are not sufficiently effective and directions for improving the mechanism of financial support for small enterprises have been proposed