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LEGAL BASIS FOR DEVELOPING THE ACTIVITIES OF ENTERPRISES IN THE
ECONOMY
Istamova Muhabbat Isroilovna
Samarkand Institute of Economics and Service
Assistant of the Department of Service
Abstract:
The article examines legal mechanisms, their effectiveness and modern approaches to
the development of various sectors and branches of the economy. The regulatory framework that
ensures inter-sectoral development in the Republic of Uzbekistan is analyzed, existing problems
and ways to improve them are considered.
Keywords:
economic sectors, industries, legal framework, legislation, public policy, investments,
digital economy.
The current global development of information technologies, including the further development
of the digital economy, is being implemented as an effective method for solving socio-economic
problems faced by all countries at various levels. Given that more than half of the world's
population lives in cities, the issue of introducing and developing a digital economy system is
becoming more and more relevant. The digital economy and the need for its further development,
as well as the level of scientific and technical development of productive forces based on
information technologies, require improving the cultural and socio-spiritual life of society.
The goal of effectively organizing a digital economy in our country is to increase the efficiency
of services and stimulate them to meet the needs of the population, as well as to improve the
quality of life of the city using new modern technologies.
Currently, the concept of a digital economy has appeared in the economic theory and practice of
a number of countries. It is characterized by the rapid development of digital technologies, the
revolution in the information sphere and the acceleration of the processes of globalization of the
economy. The efficiency of their use is being transformed into increasing knowledge, and socio-
economic relations are expanding. The main factor of digital transformation in the activities of
market entities is the development of digital culture. At the current stage of social and economic
reform of society, the environment is causing specific features of the institutional structure of
society, which necessitates the formation of new concepts and approaches on this basis.
The measures taken in our republic to ensure macroeconomic stability, liberalize the foreign
exchange market, introduce market methods of selling highly liquid goods, support and stimulate
entrepreneurship have created favorable conditions for the active involvement of broad segments
of the population in entrepreneurial activity and have laid a solid foundation for the consistent
continuation of economic reforms.
Implementing deep structural changes in enterprises within the economy, accelerating the
transition to a competitive market economy by forming a high-quality market for goods and
services, improving and strengthening the social protection system of the population, and
introducing market principles in the management of state assets are of great importance at a new
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stage of the country's economic development.
Sustainable development of the economy plays an important role in the socio-economic
development of the country. Each sector and industry has its own development directions, which
are regulated by the legal framework established by the state. After the Republic of Uzbekistan
gained independence, a number of legal acts were adopted aimed at reforming various areas of
the economy, coordinating inter-sectoral activities, and creating a competitive environment. This
article analyzes these legal frameworks and assesses their impact on economic development.
Based on the results, it can be said that the system of legal regulation of economic sectors is
showing its positive effect. At the same time, the issue of full implementation of laws and
regulatory documents in practice remains relevant. In particular, it is necessary to create a more
clear and consistent legislative framework for the activities of regional economic zones,
facilitating entrepreneurship and attracting foreign investment.
Also, in the context of the digital economy, there is an insufficient number of legal documents
regulating new areas such as intellectual property, e-commerce, crypto-assets. This, in turn, leads
to the emergence of legal gaps in the economy.
Conclusions and proposals. A thorough and systematic legal framework is necessary to ensure
the sustainable development of economic sectors and sectors. Based on the experience of
Uzbekistan, it can be said that the existing legislative system is giving positive results, but there
is a need to improve it in accordance with international standards. In the future, legal regulation
of modern economic activities, support for digital and innovative directions will remain an
urgent issue.
In the development of sectors and industries of the economy, it is important to take into account
their specific characteristics, introduce modern technologies, and rationally use regional
resources. This will serve to strengthen the country's economic stability, create new jobs, and
increase the well-being of the population.
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