The Development and Importance of Small and Medium Enterprises in the Polish Economy During the Economic Slowdown

Abstract

The purpose of this article is to discuss the condition of the sector of small and medium-sized enterprises (SMEs) and its importance in the Polish economy during the economic slowdown. The SMEs around the world play a significant role in the economic growth of many countries, as well as in the job creation or in the development of selected sectors or whole countries. The paper presents a classification of SMEs and the current state of the SME sector in Poland. In addition, the study attempts to prove that this sector, currently represents a significant segment of the Polish economy in the context of the micro- and macro-economic factors, especially during the economic downturn.