ABSTRACT
This chapter examines the impact of several factors representing the size, performance, and scope of Small and Medium-sized Enterprises (SMEs) on the Quality Of Life (QOL) in Russian regions. Small business plays an important role in social, economic, and regional development of modern society. Currently, small business participates in processes of social and economic development of the urbanized Russian territories. Development of SME promotes a gradual creation of owners, whose worthy standard of QOL is the basis of social and economic reforms, political stability, and democratic development of society in Russia. The chapter considers original data collected form official Federal sites of the Russian Federation, and the analysis will enable federal and state officials to forecast and predict QOL on a regional level, which helps to form an optimal strategy of social and economic development of Russian regions through potential of small business.
