THE NEED TO SUPPORT SMALL BUSINESSES AND PRIVATE ENTREPRENEURSHIP IN THE REGION

Аннотация

The article examines the opportunities and main directions created in the region to support small business and private entrepreneurship. Detailed information on its importance in providing employment and increasing income. Recommendations on factors of practical development ofsmall business and private entrepreneurship are also given. Key words:small business, entrepreneurship, forms of support, financial resources, credit support, state, private sector, digitalization, innovation, employment, income. Small business and private entrepreneurship are now recognized as the main drivers of economic development not only in Uzbekistan, but also in the world. This sector is the most dynamic, adaptable and innovative sector of the economy. In particular, the role of small business in regional development is invaluable - it is a means not only of increasing employment, but also ofeffectively using local resources andensuring social stability. As recognized by the President of the Republic of Uzbekistan, “Entrepreneurship is the basis of social development and a guarantee of people's well-being.”1 In recent years, our country has implemented large-scale reforms to encourage small business, develop it in the regions, and liberalize legislation. In the current conditions of globalization and increasing economic competition, small business and private entrepreneurship play an important role in the socio- economic development of countries. In particular, the issue of supporting small business entities as one of the priority areas of regional development is gaining relevance. They make a significant contribution to creating new jobs, ensuring employment, rational use of local resources, and theproduction ofexport-oriented products. In our republic, special attention is paid to the rapid development, encouragement and support of small business and private entrepreneurship, which are playing an increasingly important role in ensuring economic growth, creating new jobs, solving the problem of unemployment, and increasing the income and well-being of the population. As a result of 1 AddressofthePresidentoftheRepublicofUzbekistanShavkatMirziyoyevtotheOliyMajlis,December20,2023. page52 INTERNATIONAL JOURNAL OF ARTIFICIAL INTELLIGENCE ISSN:2692-5206,ImpactFactor:12,23 AmericanAcademicpublishers,volume05,issue05,2025 Journal: https://www.academicpublishers.org/journals/index.php/ijai the implementation of the established priority areas for deepening and modernizing economic reforms in order to achieve a new qualitative stage of economic development, the role and position ofsmall business and private entrepreneurship, which are currently recognized as the leading locomotive of our economy, are increasingly strengthening, which indicates positive changes in the structure of our economy. In particular, the growth trends of small business and private entrepreneurship, the increase in the level of employment in these entities, their increase in the share of economic sectors, and their increasing share in the total share of exports and imports in the country are considered positive changes. Of course, along with the achievements made in this area, there are also problems that hinder and hinder development, which require the adoption of clear strategic decisions. Considering that Uzbekistan has enormous untapped potential and opportunities in this area, and that small business and private entrepreneurship occupy a leading position in the volume of gross domestic product in developed countries of the world, one of the urgent issues is a deep analysis of the trends in the development of small business and private entrepreneurship in the context of economic modernization in this area and a radical improvement of the set of measures for further support ofthesector bythestate. The formation of a business environment in our country, comprehensive support and encouragement of small business and private entrepreneurship, and the increase in the population's lifestyle and income are also due to the increasing role of small business and private entrepreneurship. If we compare the number of positionsin small business and private entrepreneurship with the number of positions in small enterprises and microfirms, we can seetheconnection between them. As noted in the Address of the President of the Republic of Uzbekistan Sh.M. Mirziyoyev to the Senate and Legislative Chamber of the Oliy Majlis: “Both chambers of the Oliy Majlis should establish effective parliamentary control over ensuring the rights of entrepreneurs. We must consistently continue the policy of decriminalizing certain types of crimes that do not pose a significant social risk in the field of entrepreneurship.” So, based on these considerations, criminal liability for acts such as fraudulent entrepreneurship and defamation of a competitor will be abolished. Also, it is emphasized in this report that the persons who committed the crime ofviolation of the customs legislation for thefirst