THE ROLE AND SIGNIFICANCE OF THE SECTOR OF SMALL AND MEDIUM BUSINESSES AFTER 1989 (Rola i znaczenie sektora malych i srednich przedsiebiorstw po 1989 roku)
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In 1989 the process of transformation of Polish economy started - the process of transition from a central planning economy to market economy. One of the greatest achievements of the reformatory initiatives undertaken at that time was a dynamic development of entrepreneurship. Within the span of merely a few years this led to the rise of small and medium businesses, a sector that played an important role in the socio-economic development of Poland. The dynamic development of private enterprise at the beginning of the 1090s was instrumental in relatively quickly pulling Poland's economy out of deep recession. Subsequent years of transformation showed that small and medium businesses markedly increased their share in employment, GDP and investment expenditures.
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