Republic of uzbekistan andijan machine-building institute fundamentals of business management

What should be produced?
 
Just as each person has different skills and abilities, each country has different types and 
amounts of resources. Some have rich soils and regular rainfall that provide large food reserves. 
Still others have desert regions or cold and long winters that make farming difficult. While some 
countries have large reserves of oil, coal and other energy resources, some countries have only 
limited reserves. In determining what a country can produce, the available resources are important. 
A country trades some of its resources with other countries in order to obtain the resources it needs 
from other countries.
Today, countries differ in the type and quantity of products and how they define their 
important wants and needs. One country may build roads and bridges, while another may focus on 
the production of various consumer goods. Some economists focus on the development of 
agriculture, while others build every military sector. Some nations have exemplary colleges and 
universities, while others have only schools and many inexperienced workers.
How to use resources and what to produce has never been an easy decision. If a country 
spends too many resources on one sector or one group of people, there will not be enough resources 
to meet other needs.
If most resources are used for consumer goods, the country's infrastructure of roads, energy 
and water systems may be neglected.
"The law is the internal, characteristic of this event or process.important, necessary, causal, 
constant, general, expressive of quality and quantity connection, stable recurring event". 
Using this definition, economic laws can be expressed as follows: Economic laws 
— are important, stable recurring, cause-and-effect, qualitative and quantitative connections 
between economic events and processes, requiring economic necessity. Economic laws apply 
regardless of the will of other people. In this respect, economic laws are similar to natural laws. 
But it is necessary to distinguish economic laws from natural laws. There are important and 
principled differences between them: 
1. Natural laws are laws specific to nature, they are common to both nature and society. Economic 
laws are the development of the social life of the society, the laws of economic behavior of people. 
2. Natural laws are eternal and economic laws are historical in nature. 
3. Discovering, learning, learning, and using the laws of nature is relatively smooth and smooth, 
and the consequences of human violation of the laws of nature appear quickly. Economic laws are 
the opposite in this regard. The reason is that the person himself is complex, besides, each person 
comes to the field with his own individual and group needs and interests. As a result, the economy 

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ordinary laws face resistance from the forces of the "expiring" society. Violation of economic laws 
by human activity is difficult. It comes to the surface only after a certain period of time. If the 
classics of political economy recognized the objectivity of economic laws, the representatives of 
the school of marginalism, on the contrary, attach more importance to the subjective aspects of 
human participation in economic processes. When every person engages in some economic 
activity, he weighs what he should do and how he should act in terms of satisfying his needs. Of 
course, the psychology of people plays a big role here. If more than half of a person's life is spent 
with economic work, then economic psychology is definitely formed. Economic thinking to 
economic psychology, economic interests that are the reasons for economic activity and human 
participation in production, distribution, exchange and consumption. Business management, 
especially in the conditions of a market economy, cannot be carried out without the intervention 
of economic psychology. When people come to a decision under conditions of free choice, they 
draw conclusions based on economic considerations and interests. As a result, certain 
psychological laws are applied in the process of economic management. Economic laws are 
manifested through the purposeful activity of people. If the same subjects understand the objective 
sequence of economic processes and act in this direction, on the contrary, other subjects act against 
it based on their own interests. As a result, objective economic laws act in the form of trends that 
reflect the general direction of the economy in relatively low or high stability. There are various 
groups and types of economic laws, which together form the system of economic laws of social 
development. They are divided into the following groups: