Socio-Economic Mechanisms of Family Enterprises

This article studies the socio-economic mechanisms of family enterprises based on a comprehensive approach. It scientifically substantiates the economic essence of family business, its impact on employment, income generation and local economic development. It also analyzes the social and economic mechanisms of family enterprise development, their supporting factors and the role of the institutional environment. As a result of the study, it was determined that family enterprises are an important element in ensuring economic stability and increasing investment activity.