ANALYSIS OF THE DEVELOPMENT OF SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP IN UZBEKISTAN
Abstract
Analysis of the development of small business and private entrepreneurship in Uzbekistan At the current stage of economic development, small business and private entrepreneurship in our country are considered one of the main factors of economic growth, and the main goal of the ongoing economic reforms is to rapidly develop sectors and industries of the economy by creating a favorable environment for private entrepreneurship. In our country, the change in the share of small business in the main macroeconomic indicators for 2011-2021 has certain fluctuations, and these fluctuations can be explained by the content and essence of the reforms implemented at the national level. In particular, it can be observed that during 2011-2018, all macroeconomic indicators of small business activity, including the volume of gross domestic product, the volume of industrial output, the volume of construction work, the level of employment, and the share in the volume of exports and imports, have been steadily growing. In particular, it is evident that the share of small businesses in GDP increased significantly during this period from 61.9% in 2011 to 62.4% in 2018, as well as in other indicators. Since 2019, the share of small business activity in these indicators has been decreasing according to a clear pattern.
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