INTERNATIONAL JOURNAL OF SCIENTIFIC & TECHNOLOGY RESEARCH VOLUME 9, ISSUE 03, MARCH 2020 ISSN 2277-8616 3542 IJSTR©2020 www.ijstr.org Macroeconomic Development And Factors Affecting On It Gulnora Ismoilova, Feruza Nabieva, Gulandom Umarova, Mirjalol Rahmatullaev Abstract: This article analyzes the political and legal attention to the small business and private entrepreneurship along with the economic reforms and their development in the country, the factors affecting them, as well as the foreign and Chinese experience, theoretical and practical. Wide opportunities for entrepreneurship are being created. This helps to improve the standard of living of the people and improve their economic activity. The article analyzes the relationship between the ―person-family-state‖ in business relationships. It is known that in the creation of a business environment, currency relations and exchange rates are invisible. This is because various changes in monetary credit and currency relations have a direct effect on the exchange rate. Interestingly, sociologists have analyzed and commented on how women in several countries use and distribute income in their families. Also, special attention was paid to the Chinese experience in starting a business and analyzing the impact of the creation of industrial zones on the national economy. Index Terms: Credits, currency, economy, economic reforms, entrepreneurship, investment, macroeconomics. ——————————  —————————— 1 INTRODUCTION THIS era is called as the new era of Uzbekistan by foreign experts and this era is marked by the ongoing political, economic and social reforms in the country and the development of small business and private entrepreneurship. It is well-known that the economic relations that form the basis of macroeconomic development always have economic entities - individuals, families, firms and the state. It is important to note that in this relationship, along with the state, individuals and families have important characteristics as economic entities, which are completely independent in property management, consumption and production. The purpose of the article therefore is to scrutinize the experience of foreign countries, to analyse their situation based on the family entrepreneurship structure and the distribution of the profit flow of each family member. Moreover, the article targets to analyse the core factors and environments that have influence on the entrepreneurship activity of population exploring political, traditional, social and economic backgrounds of foreign countries. Studying current political- legal efforts of government, the article evaluates the activities being taken in Uzbekistan in order to support family entrepreneurship. Moreover, reviewing popular scientists’ opinions on the money related issues in the family, the article suggests proper methods for accelerating the process of development of entrepreneurship in Uzbekistan. After all, the individual and the family are fully independent of their property, but are fully independent of the labour, consumer and production relations. Therefore, in economic relations, the state has to deal with individual and family contracts separately. The confidence of these two economic entities (individuals and families) in the economic policy pursued by the state is the basis for the successful and effective implementation of economic reforms. The only indicator in the form of economic relations that reflects this confidence is inflation. Low inflation rates are evidence of the effectiveness of economic policies and high levels of low confidence in economic policy. 2 METHODOLOGY As a participant of economic relations, firms and organizations are the owner of their property; in this regard, they are required to fully adhere to the principles of social justice, to obey the laws and rules adopted by the state, to take the demands of economic entities in the form of population and families into account. Under these requirements, firms are legally bound economic entities in the course of their activities, legally bound to public policy, and to some extent limited to the economic entities in the form of individuals and families. Shavkat Mirziyoyev [1], [2] says that the purpose of the program ―Every Family – Entrepreneur‖ in Uzbekistan is to promote entrepreneurship among people and families, primarily through short-term development of the economy and improving the welfare of the population. Moreover, the program aimed to provide the creation of conditions for economic relations among population and families, establishment of economic cooperation, improvement of economic literacy and economic activity of individuals and families. From the global practice, each country has its own experience and traditions in attracting foreign investment in its national economy in order to develop in short period and to improve social welfare initially through utilizing internal opportunities of economy. One of the ways in which the economies of developed countries are now developing is that a certain region or small country in the country is making its own economic development a free economic zone. The creation of free economic zones, especially in a particular region or within a particular country, is cost effective. ________________________________________ • Gulnora Ismoilova, Ph. D. is Head of Management and Marketing department, Tashkent University of Information Technologies named after Muhammad Al-Khwarizmi, Tashkent, Uzbekistan, PH: +998974148775. E-mail: fayzullayevna72@mail.ru • Feruza Nabieva is currently pursuing bachelor’s degree program in economics and management in ICT sphere in Tashkent University of Information Technologies named after Muhammad Al-Khwarizmi, Tashkent, Uzbekistan, PH: +998935114400. E-mail: feruza_nabiyeva@bk.ru • Gulandom Umarova is a senior lecturer at Tashkent Financial Institute, Tashkent, Uzbekistan, PH: +998977437283. E-mail: imkoniyat@mail.ru • Mirjalol Rahmatullaev is pursuing master degree program in digital economy in Tashkent University of Information Technologies named after Muhammad Al-Khwarizmi, Tashkent, Uzbekistan, PH: +998909470787. E-mail: nfo_1997@mail.ru