Improvement of economic policy for regulation of small and medium businesses: Evidence from the Volgograd Oblast

Subject. This article focuses on organizational, economic, and systemic processes of small and medium-sized enterprises in the Volgograd Oblast. Objectives. The article aims to identify directions for improving economic policy in the business activities regulation on the example of the region. Methods. For the study, we used the methods of normative, comparative, logical, and statistical analyses. Results. The article reveals the factors that complicate business regulation in the Volgograd Oblast and proposes ways to improve them. Conclusions. The insufficiency of access to traditional production factors limits the effectiveness of regional economic policy.