The Role of Joint-Stock Companies in the National Economy: Analysis of the Contribution of Large Joint-Stock Companies to the Gross Domestic Product of Uzbekistan, their Role in Job Creation and Innovative Activities

Abstract

Joint-Stock Companies play an important role in the economic system of any country and are the main participants in the national economy. Their influence extends to various aspects of economic activity, including investment, employment and innovation. Based on the analysis of the statistical data of the reports of large joint-stock companies and state statistical data of Uzbekistan, this work studies the specific role of these organizations in the sustainable development of the country's economy. Joint Stock Companies help mobilize capital by providing investment opportunities to domestic and foreign investors, thereby increasing the total volume of investments in the economy. This, in turn, contributes to the growth and modernization of the industrial sector and infrastructure. In addition, as large employers, joint-stock companies have a significant impact on the labor market, helping to reduce the unemployment rate and improve the quality of life of the population. Their work in the field of training and professional development of the workforce also helps to improve professional skills and training of personnel that meet the requirements of the modern market. The innovative activities of joint-stock companies contribute to the technological development of the country. Investment in research developments and the introduction of new technologies will help increase labor productivity and competitiveness of the national economy in the world market.