ORGANIZATIONAL AND LEGAL FRAMEWORKS FOR SMALL BUSINESS DEVELOPMENT AS A KEY DIRECTION OF ECONOMIC POLICY

Authors

  • Ermatov Akmaljon Adkhamovich Candidate of Economical Sciences, Associate Professor Andijan State Technical Institute ORCID: 0000-0003-3652-7122 Email: andijannattest@gmail.com Author

Keywords:

small business, economic policy, organizational and legal framework, entrepreneurship, institutional support, regulatory environment, property rights, digitalization, sustainable economic growth.

Abstract

This thesis examines the organizational and legal frameworks for small business development as a key direction of economic policy. It analyzes the role of regulatory stability, institutional support, property rights protection, access to finance, and administrative simplification in promoting entrepreneurship and sustainable economic growth. Particular attention is given to the challenges arising from regulatory uncertainty, administrative barriers, limited financial resources, and unequal competitive conditions. The study emphasizes the importance of coordinating legal reforms with institutional modernization and digital transformation. Practical recommendations are proposed to improve the business environment, strengthen entrepreneurial resilience, and enhance the long-term competitiveness of small enterprises.

References

1. Schumpeter, J. A. (1934). The Theory of Economic Development. Harvard University Press.

2. OECD. OECD SME and Entrepreneurship Outlook. OECD Publishing.

3. World Bank. Small and Medium Enterprises (SMEs) Finance.

4. United Nations. (2015). Transforming Our World: The 2030 Agenda for Sustainable Development.

5. North, D. C. (1990). Institutions, Institutional Change and Economic Performance. Cambridge University Press.

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Published

22-10-2026

How to Cite

ORGANIZATIONAL AND LEGAL FRAMEWORKS FOR SMALL BUSINESS DEVELOPMENT AS A KEY DIRECTION OF ECONOMIC POLICY. (2026). INTERNATIONAL CONFERENCE ON MULTIDISCIPLINARY STUDIES AND EDUCATION, 3(9), 39-45. https://eoconf.com/index.php/icmse/article/view/1750