Economic Security of Entrepreneurship: Specifics of Management in the Context of Financial Instability

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Index Terms: bankruptcy, econometric model, economic security, entrepreneurship, financial instability.

Shaping a favorable, transparent, and predictable legal and economic framework for citizens to realize their right to business is an integral component of the proper socioeconomic development of the state, a primary function of state bodies in the market economy, which is required for securing the well-being of citizens and the formation of a civilized competitive environment. As such, it is advisable to discuss the relationships among the support for free entrepreneurship, favorable economic and legal environment for business, socioeconomic growth of the state, and formation of a security system for the national economy [1].

The need to strengthen the ES for entrepreneurship (in particular, as a factor of the state ES) is relevant in the context of the market economic system, since it is a vital element for the efficient functioning of the socioeconomic system of society, the mechanism for managing it, and securing its protection and development. This, in turn, determines the basis for the mutual responsibility of business and state bodies for violating the principles of creating a safe economic environment [2]. The ES for entrepreneurship plays a decisive role in strengthening the security of the national economy and is a prerequisite for its stable development. There is an interdependence between the entrepreneurship development and the provision of such functional elements of the state security as financial, social, technological, food, foreign economic, demographic, power, and environmental ones [3].

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