THE ROLE OF SMALL AND MEDIUM-SIZED BUSINESSES IN THE ECONOMY AND DEVELOPMENT PROSPECTS
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Abstract:
Small and medium-sized businesses (SMEs) are considered an important component of the national economy. They play a significant role in ensuring employment, creating new jobs, supplying the domestic market with goods and services, and stimulating economic growth. Especially in developing countries, this sector makes a substantial contribution to the increase of gross domestic product. In Uzbekistan, a number of reforms have been implemented in recent years to support small and medium-sized businesses. This article analyzes the role of SMEs in the economy, their main advantages, and future development prospects.
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References:
Abdullaev, I. (2025). The Role and Prospects of Small and Medium Enterprises in Uzbekistan’s Economy.
Saifullaev, S. (2025). Statistical Analysis of the Role of SMEs in Sustainable Development.
Ravshanov, A. (2025). Business and Entrepreneurship in Uzbekistan: Current Situation and Development Prospects.
Jalolova, A. (2026). The Role of Small Business and Private Entrepreneurship in the Development of Uzbekistan’s Economy.