THE ESSENCE OF BUSINESS ACTIVITY AND IT IS ROLE IN MARKET ECONOMY
Keywords:
business activity, market economy, entrepreneurship, competition, economic development, employmentAbstract
This article examines the essence of business activity and its role in a market economy. It explains the concept of business, its main characteristics, and its importance in economic development. The article also highlights the role of business in creating competition, employment opportunities, and improving living standards. In addition, the advantages and challenges of business activity are briefly discussed. The study emphasizes that the development of business activity is essential for sustainable economic growth in a market economy.
References
1.Global SME Fair. (2023). SME market overview. Retrieved from https://globalsmefair.com/sme-market-overview
2.UzDaily.com (Uzbekistan Business Statistics) – Small Business in Uzbekistan Accounts for Over Half of GDP in 2025 — Rasmiy statistika asosida O‘zbekiston kichik biznesining iqtisodiyotdagi ulushi va faoliyati haqida maqola.
3.Stat.uz (National Statistics Committee of Uzbekistan) – Main indicators of small business entities (2025) — Milliy Statistika
