Evaluating the Factors Affecting the Innovativeness of Small Businesses: the Case of Uzbekistan

Gulnora Boboyeva^1,2,*

¹Zarmed University, Bukhara, Uzbekistan

²Tashkent State University of Economics, Tashkent, Uzbekistan

Abstract

Small businesses are considered the backbone of economic growth in all countries. They are not only a source of economic growth but also innovation in all industries. The article examines the factors influencing the innovativeness of small businesses using Uzbekistan as a case study. The experience of small business owners, as well as the knowledge and skills of employees, are important factors influencing innovative activity. Based on the results, recommendations for enhancing innovative activity in small businesses are proposed.

Keywords: Small business; Innovative activity; Human Development Index; Economic Freedom Index