THE IMPORTANCE OF ENTREPRENEURSHIP DEVELOPMENT IN IMPROVING LIVING STANDARDS AND INCREASING INCOME IN UZBEKISTAN
Keywords:
Entrepreneurship, employment, small business, living standards, population income, economic development.Abstract
This article analyzes the role of entrepreneurship in improving the living standards of the population in the Republic of Uzbekistan, as well as the state policy being implemented to develop small and medium-sized businesses. The author examines the share of small business entities in total employment and the number of people employed in these entities across regions based on data from the National Statistics Committee of the Republic of Uzbekistan. Furthermore, the paper reviews academic approaches by foreign and domestic scholars regarding the role of entrepreneurship in economic growth and societal well-being. The findings confirm that entrepreneurship serves as a key factor in ensuring employment of the economically active population, increasing income levels, and promoting social stability.
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