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The effective ways of combating monopoly in business sphere in condition of digitalization: STARS International University 205 THE EFFECTIVE WAYS OF COMBATING MONOPOLY IN BUSINESS SPHERE IN CONDITION OF DIGITALIZATION NORQUVVATOVA MAKHBUBA, STARS International University studentMahbuba.norquvvatova@iclod.com SAIDOVA MARKHABO KHABIBULLO KIZI STARS International University PhD, Associate ProfessorE-mail: marhabo.uzb@mail.ru Abstract: In world practice, it is important to develop targeted strategies aimed at further improving the business environment, implementing active business projects to en-sure sustainable economic development, pursuing economic policies that have a positive effect on business development, conducting research aimed at using blockchain technol-ogy as well as ensuring interest in business development by state and society. The issues of doing business after the global crisis caused by the pandemic, statistical observation, and forecasting issues, statistical assessment of the impact of the pandemic on business entities, and improving methods of statistical analysis of business development process-es during and after the pandemic became important as never before. As a result of the conducted research, the authors have reached assessing quantitative and qualitative in-dicators of factors affecting business development processes has been developed, and software has been created that makes the accurate analyzes on the basis of blockchain of the data, a comprehensive analytical approach was developed based on statistical indica-tors characterizing business development trends in the country, in the SNA sectors, in the context of key industries and regions, multifactor empirical models were developed and forecast options for 2021-2026 were proposed using the scenario method. The theoretical approaches and the initial data used are taken from official sources, based on the data of business entities operating in Uzbekistan, proposals, and recommendations implemented in practice, statistical data of the State Committee on Statistics of the Republic of Uzbeki-stan, as well as primary data obtained during the study. The proposed blockchain stages in the business process accurately evaluate the results that meet the requirements of digital economy. Keywords: business process, blockchain, digital economy, empirical model, statistical data, growing economics, e-government, e-business, e-commerce. https://doi.org/10.47689/STARS.university-pp Global dunyoda ilm-fan va ta‘limdagi innovatsion rivojlanishning zamonaviy trendlari 15 dekabr, 2022 yil. 206 INTRODUCTION Today’s highly competitive world, the operation of a market economy is insep- arably going to connect with a digital economy which is considered to be one of the main ways to a fast-growing economy and improve living standards in the national economy. That’s why governments set themselves an urgent task today and, in the future, to ensure the effective formation, functioning, and development of e-government, e-business, e-commerce, and other systems. E-government is a public administration system based on automating the entire set of management processes across the country and serving the purpose of significantly improving the efficiency of public administration and reducing the costs of social commu-nications for each member of society. The creation of e-government involves the construction of a nationally distributed public administration system that imple-ments the solution of a full range of tasks related to document management and processing processes. This system effectively manages government organizations and provides the public with fast and efficient administrative services through the electronic systematization of knowledge and information inside and outside gov-ernment organizations. In other words, e-government can be called a government in the knowledge and information society, which uses information technology to innovate in administrative work and provide high-quality administrative services to the population effectively. The tasks of e-government include the electronic processing of public services, electronic processing of electronic transactions be-tween people and business-to-business (G2C, G2B), as well as electronic process-ing of intra-government information. Business processing of internal government agencies and intergovernmental business (G2G), namely the creation of a state informatization fund. It is the government that increases significantly the produc-tivity and efficiency of administrative work by integrating the administrative infor-mation system into a high-speed information and communication network. Business is considered key to economic performance in creating innovative changes and operating facilities of manufacturing, utilities, and social infrastruc-ture, as well as providing public benefits and services, through developing of these sectors new jobs are created, productivity and competitiveness are increased, pov-erty is alleviated and societal goals are achieved, in particular by helping specific population groups to help themselves. They play a crucial role in the formation and development of the Uzbek economy. Every year normative acts are adopted in particular fields in our country. Newly adopted and long-acting solutions some-times come into conflict with each other because of intensively changing econom-ic conditions. Confirming certain conditions and opportunities of Uzbekistan, our authorities are still searching for ways to modernize and develop infrastructure. In that way, small businesses and private entrepreneurship assist to achieve the par-ticular goal as well as have great importance for overcoming poverty, accumulat-ing human capital, and increasing the welfare of the country and adopting quickly for changing economic conditions. Usage of blockchain technology in business processes can avoid common pitfalls like inexperienced management, and lack of financial stability, small businesses suffer a mortality rate significantly higher than that of larger, more established businesses primarily because of limited resources, poor operations STARS International University 207 management, lack of experience, poor financial management, over-investing in fixed assets, poor credit practices, failure to plan, inappropriate location, lack of inventory control and etc. Nowadays all business owners it is needed to use digitalization by knowing their business in depth, developing a solid busi-ness plan, managing financial resources, understanding financial statements, and learning to manage people effectively. As the private sector is attracted to providing public benefits and services in the infrastructure sector, so in its usage of blockchain technology plays an important structural and dynamic role in all economies. Figure 1. Key components of the business In conclusion from the above considerations, an authorial definition has been developed based on a study of the approaches expressed by scientists to the concept of business. According to him, “Business is a type of business activity of individuals and legal entities in the system of market relations, as well as ac-tivities aimed at generating income and other positive benefits in the field of production and services. “This is stated in Article 3 of the Law of the Republic of Uzbekistan “On guarantees of freedom of entrepreneurial activity”. It differs from the definition of “entrepreneurial activity aimed at gaining income (profit)” as an activity aimed not only at economic benefits but also at positive social and spiritual benefits [19]. Today, there is also a fanciful type of business that reflects creativity and innovation, unique approaches in the minds of people. A funky business is a type of business that goes beyond certain patterns, requires new Global dunyoda ilm-fan va ta‘limdagi innovatsion rivojlanishning zamonaviy trendlari 15 dekabr, 2022 yil. 208 innovations, and changes the form of management. It was noted that Facebook, Amazon, Apple, Netflix, and Google, which are mainly large companies in this business, have a unique and unique role. It should be noted that these high-tech giants have further developed despite the pandemic, and the total revenue has increased by 40%. DISCUSSION OF THE RESULTS Business activities add to the development of Japan, both externally and in- ternally. Internal factors include the size, the amount and its distribution, tech-nological degree, the method of labor organization, evaluation policy, and so on. External factors are the factors that arise in the external environment: the market environment and the competitive environment, the behavior of suppliers and con-sumers, natural and climatic conditions, socio-economic factors, the state, and the legal framework. Taking into account the structural and interaction laws of these factors, it is expedient for the business entity to conduct a comprehensive analy-sis, and study the market situation in their own country and the market of foreign countries. The STEEPLE (social, technological, economic, environmental, social, legal, and ethical) analysis tool is used to analyze, evaluate, and study the business environ-ment that influences business development. This tip is sometimes referred to as PESTLE, which means the same thing when a moral twist is dropped. STEEPLE analysis produces the following macalalap: During the study, a questionnaire was developed to assess the factors affect- ing business development based on the STEEPLE analysis, and all of these fac-tors were evaluated by experts. The survey suggested evaluating the weight of a group of seven factors proposed on a five-point scale to assess the factors influ-encing business development, ranking the key indicators for which each factor is assessed [20]. CONCLUSION To further develop business in Uzbekistan, to study the knowledge and capa- bilities of each person in doing business, to study the problems of doing business financing, to take measures to help them, and to create a number of business op-portunities: Improving the economic and statistical analysis of a business is one of the measures aimed at improving the analysis and planning of economic activity of business entities, the importance of monitoring, studying and forecasting busi-ness development using economic and mathematical models. The author’s defini-tion is developed on “Business is an activity of individuals and legal entities in the system of market relations, aimed at earning income and other positive results in the field of production and service” after the basis of the research of approaches to business and entrepreneurship by scientists. In a survey based on the STEEPLE analysis, Kendall’s concordance coefficient was used to assess the weight of seven groups of factors on a five-point scale to qualitatively assess the factors influenc-ing business development. STARS International University 209 References 1. President of the Republic of Uzbekistan Shavkat Mirziyoyev appeal to the Oliy Majlis 25.01.2020 // HTTPS: //uza.uz/oz/zolitics and http://library.ziyonet.uz. 2. Decree of the President of the Republic of Uzbekistan of February 7, 2017 In- ternational PF–4947 “On Action Strategy for Further Development of Uzbekistan” // www.Uz. 3. Saidova M.X. “Business and development of business and its development in the country”, Economics and Innovative Technologies “№1.-Tu, January-February 2017. http://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/An- nual-Reports/English/ Doing Business 2020: Reforms Propel Uzbekistan to Place Among World’s Top 20 Business Climate Improvers.pdf; Saidova M.Х. The granted opportunities for promotion business and their results in Uzbekistan // “Халқаро молия ва ҳисоб” илмий электрон журнали. 2017. –№2 – 1-10 б. (08.00.00; №19) Saidova M.Х. Embeddedness and growth of business in Uzbekistan//Interna- tional Scientific Journal Theoretical & Applied Science Philadelphia, USA. 2019. – Vol.71, Issue 03. – 441-447 p. (GIF-0.56, SJIF-5.667) Gafurov U., Khamidova Z. Theoretical and methodological basis of research on the development of handicraft activity in the economic policy of Amir Temur. Jour of Adv Research in Dynamical & Control Systems, Vol. 11, Issue-07, 2019. 951-965 pp. (SCOPUS bace, Q3, H-index 0,13 SJR). Khamidova Z. Land ownership relations in the economic policy of Amir Temur and Timurides. International Scientific Journal. Theoretical & Applied Science. GIF-0.564. Philadelphia, USA. 2018. Published: 30.11.2018. 174-178 p. Gafurov U., Khamidova Z. Theoretical and methodological basis of the nature study and characteristics of craft work. Economics and Innovative Technologies. Tashkent state university of economy. Vol. 2019, No. 5, september-october. 76-82 pp. http://www.doingbusiness.org/~/media/WBG/DoingBusiness/Documents/An- nual-Reports/English/ Doing Business 2020: Reforms Propel Uzbekistan to Place Among World’s Top 20 Business Climate Improvers.pdfAbdurakhmanova, G.K, Gaibnazarov, S.G, Shayusupuva, N.T, Fayziyeva, D.S, Tursunov B.O. Methodical as-pects of establishing a control system over compliance with principles of decent work and social security in textile enterprises. Journal of Advanced Research in Dynamical and Control System, 2020, 12(5), pp. 73–81 Abdurakhmanov, K.K, Umurzakov, B.K, Zokirova, N.K, Ugli, T.N.B., Abdura- khmanova, G.K. Impact of demographic processes on the labor market of Uzbeki-stan. International Journal of Recent Technology and Engineering, 2019, 8(3 Spe-cial Issue), pp. 572–576 4. Abdurakhmanov K.K., Mukhitdinov, E.M., Grishin, V.I., Abdurakhmanova, G.K., Kuchkarov, G.F. Labor migration of the population and evaluation of supply chain on the labor market. International Journal of Supply Chain Management, 2019, 8(2), pp. 896–907 Global dunyoda ilm-fan va ta‘limdagi innovatsion rivojlanishning zamonaviy trendlari 15 dekabr, 2022 yil. 210 5. Burkhanov, A., Bakhodirovna, B.D. Evaluation of economic potential of textile industry enterprises. Vlakna a Textil, 2021, 28(2), pp. 9–21 6. Burkhanov, A.U. Assessment of financial security of investment funds. Jour- nal of Advanced Research in Dynamical and Control Systems, 2020, 12(5), стр. 293–300. 7. Burkhanov, A.U., Tursunov, B.O. Main indicators of textile enterprises’ finan- cial security assessment. Vlakna a Textil, 2020, 27(3), pp. 35–40 8. Eshov, M., Amirov, L., Askarova, M. Development of the agricultural sector and its importance in Uzbekistan. E3S Web of Conferences, 2021, 244, 03014. 9. Eshov, M., Osamy, W., Aziz, A., Khedr, A.M. Econometric Analysis of Stock Market Performance during COVID-19 Pandemic: A Case Study of Uzbekistan Stock Market: Uzbekistan Stock Market Performance during COVID-19 Pandem-ic. International Journal of Advanced Computer Science and Applications, 2021, 12(4), pp. 197–204 10. Eshov, M. Influence assessment of enterprise management value based on coefficients methods under the risk conditions. Advances in Mathematics: Scientif-ic Journal, 2020, 9(9), pp. 7573–7598

Subjects: 9. Industry and infrastructure; 8. Economic growth; 16. Peace & justice

  • Source: Современные тенденции инновационного развития науки и образования в глобальном мире. 1:205-210

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Academic Journal

Comparison of Telecommunication Markets in Europe Using Multivariate Statistical Analysis

Subjects: taxonomic measures; Information theory; Telecommunication

  • Source: Journal of Information and Organizational Sciences, Vol 44, Iss 2, Pp 331-344 (2020)Journal of Information and Organizational SciencesVolume 44Issue 2

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