FAMILY BUSINESS DEVELOPMENT IN THE REPUBLIC OF UZBEKISTAN: FEATURES AND CHALLENGES
Keywords:
family business, family business, microcredits, benefits, property, inheritance of a family business.Abstract
The article is mainly about the development of family business in the Republic of Uzbekistan. A brief historical perspective on the development of entrepreneurship, the current state, some features of a family business abroad, the main difficulties and opportunities has been provided by the state. Family businesses have a long-standing history in Uzbekistan, with close-knit relationships among family members being a key feature. However, they also face challenges such as limited access to funding and a lack of formalized business structures. The transition to a market economy has also formed new challenges. Nevertheless, family businesses remain to play a significant role in the country’s economy, and with the right support, they have the potential to drive growth and create new opportunities.
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