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

The essence of small business and the crisis in the economy 
At the second stage of the economic reforms implemented in our country, great 
attention is paid to the issue of expropriation of property, privatization, establishment of 
joint ventures, transformation of enterprises into open joint-stock companies, and 
especially the development of small business and private entrepreneurship. 
in Uzbekistanand articles and literature on business in the independent 
Commonwealth of Nations appeared in the mid-1960s. However, all articles at that time 
were written in a critical way. Because business was based on private ownership. Private 
ownership was completely foreign to our ideology at that time. Lyokin began studying 
business as a science only in the early 90s with a gradual transition to market relations. 
The word "business" is an English word, it is an entrepreneurial activity, 
or in other words, various labor activities aimed at making people profit. 
There are many types of definitions of business in foreign literature. The entire 
history of the development of human society has always been related to business in one 
way or another. 
The word businessman (Entrepreneur) appeared for the first time in the English 
economy in the 18th century, and it means "property owner". Adam Smith, for example, 
defines an entrepreneur as a property owner, and states that he is a person who takes 
economic risks in order to realize some commercial idea for profit. The entrepreneur 
himself plans his work, organizes production, sells the product and owns his income. 
Foreign scholars give a systematic definition of business in textbooks. Texas and 
Illinois universities of the United States of America (USA) 

---

List of used literature Main literature: 
1.LRDabay and others/Principles of business/2012.600p. 
2. 
Jeff Madura/ Introduction to business/ Florida Atlantic University/ Paradigm Publishing 
Inc. 2010.694 p.