Wpływ wyników i dokonań MŚP na rozwój społeczno‑ekonomiczny kraju
Impact of SME Results and Achievements on the Socio‑Economic Development of the Country

Summary/Abstract: Small and medium enterprises are entities with distinct characteristics and clearly defined operational limits. For the Polish economy, it is one of the most important sectors stimulating development factors. Its condition is constantly dependent on this sector, which by its existence stimulates the processes taking place in the economic system. The main purpose of this study is to evaluate the results of SMEs based on the data contained in the financial statements for 2010–2016 using the method of ṝ average growth rate (Timofiejuk, 1980). It is apparent from the nature of the presented method ṝ that only the initial and final expression of the chronological series determines the numerical value of the average growth rate. The actual chronological series can be considered as “geometric progress with a variable ratio”. For the implementation of the subject, the following thesis was assumed: objective and skillful assessment of the financial results of past events is the basis for making accurate decisions in the future, which may favour the economic and social development of the country.

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