THE ROLE OF CLUSTERS IN THE DEVELOPMENT OF SMALL AND MEDIUM ENTREPRENEURSHIP IN AZERBAIJAN

Abstract

The most optimal way to achieve competitive advantage, increase the export potential, expand the capabilities of companies, and achieve socio-economic changes in the region is the creation of clusters. The fact that there is no example of a cluster in our country, which has recently secured territorial integrity, and the interest of the head of the country in the activity of clustering in recent times reveals the necessity and relevance of researching this concept. The study tried to determine the place of small and medium entrepreneurship in the economy using statistical indicators, as well as the positive effect brought by the formation of cluster networks in this field today. The advantage of the research is to find out the specific benefits of clustering to small and medium enterprises. The results of the research can be used in the development of small and medium enterprises and the development of clusters in small and medium enterprises (SMEs).