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The article considers the main processes of formation and development of small business and private entrepreneurship in Uzbekistan. The sphere of services in small business has a significant potential in increasing its contribution to the economic growth of Uzbekistan. The reasons that hamper the development of small business and the place of small business in the national economy of the country and the significance of its regulatory and legal regulation are identified. In conclusion, thedoi:10.5281/zenodo.1147082 fatcat:hdappyo5njdhhg25cnnvywo3ka