Analysis of The Factors Influencing The Sustainable Development of Small Business and Private Entrepreneurship in The Region
DOI:
https://doi.org/10.31150/ajebm.v8i5.3503Keywords:
Small business, private entrepreneurship, regional development, sustainability, economic infrastructure, investment dynamics, employment structure, sectoral contribution, industrial diversification, economic policyAbstract
This study explores the dynamics and performance trends of small business and private entrepreneurship (SBPE) in the Khorezm region from 2018 to 2024. Using statistical data across key economic sectors, the analysis reveals a substantial increase in the absolute volume of SBPE activities–particularly in construction, agriculture, services, and investments. For instance, investments in SBPE surged from 1.5 trillion UZS in 2018 to 7.5 trillion UZS in 2024, while agricultural output grew more than twofold. At the same time, the share of SBPE in Gross Regional Product (GRP) and industrial activity has demonstrated a steady decline, with GRP contribution falling from 79.1% in 2018 to 72.3% in 2024, and industrial participation dropping from 37.1% to 21.0%. In contrast, SBPE maintained high shares in construction (over 88%) and employment (around 78–80%) throughout the period. These findings suggest a structural shift in SBPE contributions, with growth increasingly concentrated in labor–intensive and service–oriented sectors, while industrial integration remains a key challenge. The study highlights the need for region–specific policy interventions to diversify entrepreneurial engagement and enhance the industrial role of SBPE for sustainable regional development.
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Copyright (c) 2025 Sarvar Norboyev
This work is licensed under a Creative Commons Attribution 4.0 International License.
