Content and main features of a market economy Plan: introduction

The purpose of the course is to study the market economy, to develop scientific and practical recommendations and proposals to accelerate the process of transition of our country to a market economy. To achieve this goal, the following tasks have been identified:
- the essence of the concept of a market economy, the disclosure of its functions;
- clarification of the role of the market economy in the socio-economic development of the country;
- study of foreign experience of transition to a market economy;
- analysis of the process of transition of Uzbekistan to a market economy;
- to study the advantages of a market economy and its problems;
The object of the course work is a market economy, its socio-economic processes.
The subject of the course work is the ongoing socio-economic reforms in the country to transition to a market economy.
Theoretical and methodological bases of the course work are practical developments, scientific articles and conceptual theories of leading foreign scientists on market economy.


1.1.The concept of a market economy, its content, functions and structure
A market economy is a democratic economy based on commodity-money relations, freedom of economic activity, which encourages everyone to think rationally about the results of their activities.
The market economy has existed for many centuries and has risen to the level of universal value only at the current stage of development.
There are some characteristics of a market economy (Figure 1):
a) in addition to private property, there are other forms of property;
b) production is carried out taking into account market demand. Marketing plays an important role;
d) free competition comes to the fore, its cultural methods are used.
In a market economy, government regulation is aimed only at limiting the negative effects of the market. It can be concluded that in a market economy, the market is primarily self-regulating, and the state also influences the regulation of the economy.
A market is a place where people gather and trade, but most people do not accept a store, exchange, or auction as a market. In fact, the concept of “market” should be looked at differently. While market economies and market concepts are interrelated, they are not exactly the same thing. If the market economy is a single organism, the market is an important member of it.
A market is a mutually beneficial and cooperative relationship between sellers and buyers that takes place through transactions.
In the market, sellers and buyers find each other. The market is the mechanism that binds them together. The market is not a barter, but a trade, that is, the exchange of goods for money. In order for a market to exist, the purchase must be beneficial to both the buyer and the seller. If the seller uses his product well, the buyer will be able to find the right product at the right price, so they will try to have an important relationship. Everyone in the market the participant, regardless of who he is (citizen, firm, state), is a seller in one market and acts as a buyer in another market.