KNOWLEDGE GAPS OF POTENTIAL ENTREPRENEURS AND BUSINESS ANGELS FOR INNOVATIVE ENTREPRENEURSHIP IN ESTONIA, CZECHIA AND POLAND.

Paper's aim is to shed a light on theoretical and practical aspects of taken measures by the Russian government on agriculture business optimization in Southern Russia. Moreover, the paper develops methodology as recommendation for the small agriculture business in Russia based on economy theories, previous studies in the area of agriculture business development. This study analyses federal and regional governmental initiatives and programs addressing optimization of small agriculture business in the period of economic crisis and legislative changes in the agricultural sector in Russia. The paper employs different models in investigating specific methods as systematic-functional, dynamic, structural-logical, statistical, clustering and graphic methods for analyzing of the agriculture business sector development in Southern Russia. The paper suggests that there is particular mutual impact between governmental policies and agricultural production, which affects the small business in agriculture sector on national level. Furthermore, the study suggests that exist several measures, which might increase the economic efficacy of agriculture business, which would enable balancing the factors coming from the endogenous interventions. The paper findings are addressing new criteria for evaluating the social effect from the agriculture business current development. [ABSTRACT FROM AUTHOR]