Author: Anna V. Ovchinnikova, Cand. Sc. (Ec.), Associate-Prof. of Economics Dept.

Abstract: The article focuses on the role of small businesses in an economic system complex and their functions in each system. The main functions of a small business are economic, social, institutional, budget and indicative functions and functions of development and international cooperation. The article explains the content of each function and includes necessary statistical data.

Key words: an economic system complex; small business; functions of small industrial enterprises; middle class; economic growth.