ROLE OF ECONOMY IN SMALL BUSINESS DEVELOPMENT
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Abstract
Small business is the foundation and component of a competitive market economy. Small business is the most popular, dynamic and flexible form of entrepreneurship in our country. The process of digitization as the basis of the digital economy is determined by the requirements of objective reality and relies primarily on the use of digital technologies in the activities of its subjects. Digital technologies are changing the way organizations are organized. Digital news and technology serve as part of the solution. Known as the “Fourth Industrial Revolution” (Industry 4.0), Blockchain envisages the introduction of digital technologies such as the Internet of Things, artificial intelligence into several fast-changing economic sectors, thereby transforming an entire economy into a digital economy. At present, digitalization has covered all business entities.
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References
Decree of the President of the Republic of Uzbekistan No. PF-4947 of February 7, 2017 " On the Strategy for further development of the Republic of Uzbekistan " .// People's speech // Saturday, February 8, 2017.
Resolution of the President of the Republic of Uzbekistan dated November 21, 2018 " On measures to further modernize the digital infrastructure for the development of the digital economy " Resolution No. PQ- 4022
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The term “industry 4.0” originated in Germany and has been applied to rapid changes in the design, manufacture, operation and maintenance of production systems and products (European Parliament, 2015a).
EURASIAN JOURNAL OF LAW, FINANCE AND APPLIED SCIENCES: 2 pp. 60-66 (4). STATISTICAL ANALYSIS OF SUSTAINABLE DEVELOPMENT OF TERRI TORIES IN THE DIGITAL ECONOMY (ON THE EXAMPLE OF KHOREZM REGION) Urunov Ravshanbek Sadullaevich https://doi.org/10.5281/zenodo.6476182