https://doi.org/10.36719/XXXX-XXXX/1/23-27
Narmin Mirzazade
Azerbaijan State Agrarian University
https://orcid.org/0000-0001-5060-0125
Mahammadali Zeynalli
Azerbaijan State Agrarian University
Master student
zeynallimehemmedli073@gmail.com
https://orcid.org/0009-0004-8459-4009
Improvement of Information Provision of Small Business in the
Agricultural Sphere
Abstract
International experience shows that one of the important attributes of small business in the agricultural field is the priority of the development of innovative technologies. The sustainable development of the agrarian economy depends crucially on the level of resource provision, including information provision. One of the characteristic aspects of economic relations of business structures operating in agriculture is the risk factor accompanying agribusiness. As it is known, the agrarian entrepreneur bears full responsibility for the results of economic activity even in the conditions of advanced state patronage. It faces uncertainty in the operating environment, ambiguous situations in cost and output indicators.
The problem of assessing the risk and determining its effect on the economic and economic results of the business entity in terms of quantity and quality arises. Practice shows that risk is more likely when entrepreneurial activity meets mutually exclusive situations. The point is that if the probability of achieving the desired economic result of agricultural activity is not known, then the corresponding situation should be considered as uncertainty. It is obvious that in this case it is not a matter of determining the risk, but of evaluating the information characterizing the risk.
In economic practice, risk occurs when desire and reality, goals and results do not coincide in conditions of purposeful, deliberate activity. An entrepreneur trying to minimize risk and uncertainty improves information relations and the necessary information base. In some cases, a business entity takes a risk knowingly in order to gain additional profit. Venture entrepreneurship is a classic example of this. The efficiency of business activity depends to a decisive degree on the quality of the analysis carried out to assess the nature and level of activity in the field and in the relevant segment of the market, and the degree of self-justification of the perspective parameters of development.
Keywords: risk, business, efficiency, entrepreneur, forecast, finance