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Purpose. The purpose of the paper is to study and describe some characteristics of the balanced economic growth of entrepreneurial entities (small, medium and large enterprises), draw valid conclusions and reveal future perspectives, which will allow us to balance their sustainable dynamic development and be able to mobilize and effectively manage our own resources.
Results. In both developed and developing countries, the role of small and medium enterprises is important. Small and medium-sized businesses are the main driving force in business development. In many countries of the world (including EU countries), small and medium entrepreneurship is considered as the main strategic direction of inclusive growth, employment, and economic development. The problem of economic growth of enterprises in the market economy is an urgent issue. Despite many innovative offers, the activities of the country's enterprises, the growth of their scale requires more efforts. One of the main guidelines for ensuring the sustainable economic growth of enterprises is to ensure the economic efficiency of the leading sectors of the country's economy, the enterprises included in them. In the conditions of modern globalization, as a result of the strengthening of competition, the issue of the development of the innovative economy came to the fore. The role of the leading directions of the country as a whole, as well as their individual enterprises, is essentially increasing. They determine the country's specialization in the world economic system. Such enterprises determine the national competitive advantage.
Scientific novelty. While working on the research issues of the paper, as a result of theoretical and empirical research, the following were improved and complexly investigated: modern approaches to the study of ensuring the balanced economy, components of the balanced indicator system, balanced economic growth models, as a result of which the modern features and challenges of the economic growth of Georgian enterprises were revealed. Besides, in this study, the theoretical foundations of the balanced economic growth research are analyzed; the peculiarities of the balanced growth of enterprises in the conditions of globalization are defined; the ways of balanced economic growth of enterprises, its financial and economic indicators, models and perspectives are determined; the mechanism of sustainable development of enterprises is identified; as a result of studying the functions of a small and medium-sized enterprise, its strengths and weaknesses have been identified; the factors hindering the development and internationalization of the country's small and medium-sized enterprises have been identified; the main recommendations for the development and internationalization of small and medium-sized enterprises of the country have been developed.
Practical value. The conclusions and recommendations formed as a result of the conducted research can be used as a starting point for the balanced economic growth of the country's business entities, small and medium enterprises.

Abstract
Competition and a competitive environment serve as a crucial foundation for the effective use of resources and the growth of economy, pushing enterprises to be more efficient, limit costs, and spend more in inventing and developing new goods. Customers may obtain more advantages at a lesser cost and of better quality when there is a strong competition. The competitive climate makes the state more appealing to investors, increasing the possibility of attracting local or international investment. Consumer protection and competition are critical for achieving economic growth and decreasing poverty. The jurisdiction and economic environment in which a enterprise works have a considerable impact on the quality of competition. The goal of the state and associated institutions is to encourage competition and to avoid any activities that place market participants and consumers in an unfair situation. It is also critical that the state's activities and appropriate regulatory standards do not impose a significant burden on the business sector, since both business and consumer rights must be respected.

The purpose of this article is to identify the national security challenges of a small state, to highlight their external and internal aspects; based on the research, develop a rational economic and political strategy for small powers. The paper is based on the analysis and synthesis of various fundamental literature and specific statistical data. The paper draws conclusions using causeand-effect relationships of facts. Important conclusions and recommendations are presented on key issues and challenges around small countries. This article concerns countries with small powers and their essential features – especially security, economic development, political stability, and foreign policy. It is also well understood today that threats of a military and nonmilitary nature are closely linked and that the aggravation of one leads to the aggravation of another. The systemic approach has taken root in the study of security issues, which involves discussing not just one but all of the potential threats in relation to one another and in one another's context. The results of this study indicate that no matter how flexible a small country's foreign policy is and how quickly it responds to changing conditions and events, it must still define its own strategic goal and make strategic choices. In determining its own national security priorities and foreign policy strategy, a small country must be more precise and infallible than a strong one. A small state that makes the wrong choice in its survival strategy is usually doomed.