INFLUENCE OF INTEGRATION OF A SMALL BUSINESS ON THE ECONOMIC GROWTH OF LATVIA
The article is based on research conducted by the author and generalizes the key data on the role of small and micro businesses in the Latvian economy. The paper analyzes the development trend of economically active enterprises of the Republic of Latvia, specifies the notions of micro, small and medium enterprises, and reveals their influence on the level of GDP under the conditions of the global financial crisis. The key statistical indicators of functioning of small business in Latvia, such as the production value and Gross Domestic Product have been analyzed. The paper presents the study of changes in the amount of interest, which is the ratio of total production value of small businesses to Latvia’s GDP in the period of 2008-2014.