Impact of business conditions favourability as the imperative for youth employment enhancement

Abstract

The analysis of scientific literature shows that there is a lack of unanimity on the methodological issue of the assessment of the favourability of business conditions. Also, a large variety of applied instruments and indicators can be observed. Enhancement of small and medium business is one of the predominant aims of the Lithuanian economic policy. Small and medium sized enterprises most sensitively respond to all changes in business environment. The following segment is a source of constant employment that is likely to give a breakthrough for the growth of economy. The analysis of the empirical survey data revealed that the Lithuania environment-related factors that had the largest impact on the youth’s potential to set up and develop their own business are as follows: the level of employee qualifications and competence, ability to penetrate into new markets, consumer purchasing power, tax burden, and availability of financing sources.