Assessment of entrepreneurial potential of region in real sector of economy

Entrepreneurship is a socio-economic institutional system that harmonizes private and public interests under regulations established by law. In response to modern economic, geographic and political challenges, the study of entrepreneurship has become an urgent issue due to the possible use of its feature: flexibility with regard to market changes and innovations. The efficient performance of entrepreneurship depends on combination of the following factors: climatic, geographical, cultural, historical, administrative, and technological. Thus, on the one hand, the entrepreneurial potential at the regional level is the sum of all opportunities and measures available in a specific region at a certain period of time. On the other hand, the growth of entrepreneurial potential in the regions relies on the quantitative and qualitative development of the small and medium enterprises. Therefore, the entrepreneurship and entrepreneurial potential of the region are interdependent categories that determine the existence of each other. The opportunities available in the region for the activities of small and medium businesses promote its efficiency, which in turn forms the entrepreneurial potential of the region. There is an increasing trend in the number of small and medium enterprises in the servile sector of economy in Russia nowadays, which impedes the development of the real sector. The reasons of this trend include the methodology used to assess the entrepreneurial potential in the regions. Thus, this study considers that the entrepreneurial potential should be assessed from the perspective of the possibilities of small and medium enterprises in the real sector of economy. The subject of research is the entrepreneurship as a socio-economic phenomenon and the entrepreneurial potential in the territories. The objective of work is to apply the developed grouping of statistical indicators that allow describing the subject of research at the most informative level. The methodological tools of the work rely on the application of methods of statistical and cause-effect analysis. The major result of the work is a general description of the entrepreneurship in the regional real sector of economy, which is a combination of economic efficiency and public utility of entrepreneurial activity.