THE ROLE AND SIGNIFICANCE OF THE ECONOMY IN THE REPUBLIC OF UZBEKISTAN

Abstract

In this scientific article, "Competitive economy" means a national economy that grows at an acceptable rate and proportion, in which the necessary conditions are created for the implementation of entrepreneurial activities based on private ownership, and it is developed on the basis of the laws of the market economy that serve to constantly improve the living standards of the population. Economic mechanism means an open economic system in which production resources move freely and are regulated by the market mechanism.