EDUCATING STUDENTS ABOUT ECONOMIC TERMINOLOGY IN THE ENGLISH LANGUAGE

Аннотация

Over the past decades, due to the ever-accelerating development of science and technology, as well as global world processes, a new model is being established in the world economic system, as a result of which new professions, concepts and, accordingly, new terms arise. This article discusses the importance of educating students about economic terminology in the English language, particularly in the context of an increasingly globalized economy. It examines the challenges faced by students in mastering economic vocabulary and proposes effective teaching strategies to enhance their understanding and application of economic terms. The findings stress that a strong grasp of economic terminology is crucial for academic success ineconomics andfor professional competency in theglobal market. Keywords:economic terminology, English language education, vocabulary acquisition, teaching strategies, EFL (English as aForeign Language), terminological issues, assessment. Decree of the President of the Republic of Uzbekistan dated February 7, 2017 No. PF-4947 "On the Strategy of Actions for the Further Development of the Republic of Uzbekistan", dated April 20, 2017 "On the Further Development of the Higher Education System" Decision PQ 2909 "On Development Measures", the Law of the Republic of Uzbekistan "On Education" and "National Personnel Training Program" and other regulatory acts related to this activity [1]. According to the requirements for carrying out the tasks outlined in the regulatory documents, one of the primary goals of the higher education system is to ensure that young people enrolled in school are spiritually mature and capable of meeting international standards, possess the capacity to learn on their own, study and work creatively, have a high moral spirit, and will eventually be able to solve problems in their personal and professional lives on their own. Language is now seen as a vital tool for international communication, and its meaning and location in society are determined by the context in which it is used. Based on these factors, we see that our attention to English is a global demand in our republic, and we see that the need of each representative of the field to study English is increasing every day, and of course, we have already realized that English is ourdaily need. Proficiency in English has become essential in today's globalised society, particularly for those studying economics. Because English is the most widely used language in international business and finance, students may access a multitude of materials, participate in international conversations, and comprehend intricate economic ideas. Because it enables students to express their ideas clearly and effectively in both written and spoken contexts, a strong vocabulary of economicterms iscrucial for bothacademic success and professional competence[2]. Scientists must constantly update their knowledge in theoretical and practical aspects, learn about the latest scientific achievements through various scientific international conferences, scientific communities, and publications. The need to communicate globally in scientific and https://ijmri.de/index.php/jmsi volume 4,issue4,2025 367 cultural aspects has led to the need to translate texts from one language to another. The global development of science and technology, as well as communication in the scientific world, go far beyond the borders of one country and even beyond the borders of one cultural or linguistic community. English has naturally become the primary language of the international scientific community because academic articles, which are primarily published in English, immediately reflect all significant scientific advancements. In this situation, a high-quality translation of these texts from the source language to the target language is crucial because scientific texts should be translated to providethemost accurate and objectiveinformation possible. We can state that a term is a word or combination that indicates a phenomenon in a particular field of human endeavour or area of his knowledge based on a general examination of the definitions of the notion of a term put out by numerous writers and the criteria of terms. Generally speaking, a phrase is clear, concise, stylistically neutral, and non-evocative. Therefore, a word or phrase that refers to an idea of the economic realm of human activity is called an economic term. A collection of methods for identifying, classifying, and documenting expert andscientific understanding oftheeconomic field of studyis known as economicterminology. Terminological issues V.V.Vinogradov, G. Vinokur, A.A.Reformatsky, A.Gerd, V.Leychik, R.A.Budagov, D.Lotte, L.Yu.Buyanova, L.A. Kapanadze, K.Kageura, D.Sageder, S.Jakobson, M.M.Munoz, Ch.S.Abdullaeva, G.Abdurakhmonov, S.A. Azizov, I.J. Yuldashev, P.Nishonov, X.D.Paluanova, D.X. Kadirbekova and others studied in their work. Though there are many studies in the field of terminology, the