Assessment of the Current Mechanism and Factors of Income Generation in the Service Sector of the Republic of Uzbekistan
Assessment of the Current Mechanism and Factors of Income Generation in the Service Sector of the Republic of Uzbekistan

Summary/Abstract: The work has identified opportunities to raise the level of wages in the service sector, which determines the overall development of the state as a matter of fact. The author shows that there is a direct relationship between the growth of economic indicators and the level of wages. The urgency of the work is conditioned by the fact that most of the modern economic goods in the state are accumulated from the sphere of services. The subject of the study is the services sector and its derivatives, which are reflected in the economies of the post-Soviet countries. Uzbekistan is taken as an example. The novelty of the research is determined by the fact that each of the parameters that stimulates the development of the country’s economy and especially the sphere of services depends not only on the level of infrastructure development but also on the level of wages, which in turn forms the level of consumption and the level of demand in the economic sphere of services. The paper reflects that the formation of the level of wages is based on an understanding of the overall process of the development of sectoral parameters of the service sector. The prospect of further research is the organization of an equilibrium-balancing model during the transformation of the national economy and the transition from the technological order to the information society.

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