FORMATION AND DESCRIPTION OF ECONOMIC RESOURCES IN THE SERVICE FIELD

Abstract

In this article, it is explained scientifically and theoretically that the service sector is expanding in the world and that the efficiency of service enterprises in our country is considered more efficient than production, because the initial activity in the service sector requires less investment and the turnover rate of financial funds is high.

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Erkinov, B. . (2024). FORMATION AND DESCRIPTION OF ECONOMIC RESOURCES IN THE SERVICE FIELD. Science and Innovation in the Education System, 3(4), 72–77. Retrieved from https://www.inlibrary.uz/index.php/sies/article/view/123315
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Abstract

In this article, it is explained scientifically and theoretically that the service sector is expanding in the world and that the efficiency of service enterprises in our country is considered more efficient than production, because the initial activity in the service sector requires less investment and the turnover rate of financial funds is high.


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SCIENCE AND INNOVATION IN THE

EDUCATION SYSTEM

International scientific-online conference

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FORMATION AND DESCRIPTION OF ECONOMIC RESOURCES IN

THE SERVICE FIELD

Erkinov Behbud Azamatovich

Samarkand Institute of Economics and Service researcher

https://doi.org/10.5281/zenodo.10867932

Abstract.

In this article, it is explained scientifically and theoretically that

the service sector is expanding in the world and that the efficiency of service
enterprises in our country is considered more efficient than production, because
the initial activity in the service sector requires less investment and the turnover
rate of financial funds is high.

Key words:

service industry, use of economic resources, classification of

economic resources, integration in the service industry, limited resources.

The development of the service sector in the world, improving the methods

of evaluating the efficiency of the use of economic resources in enterprises,
modernizing service processes, ensuring the competitiveness of services,
material incentives for workers in the sector, increasing the quality of service,
developing a system for ensuring the competence of labor resources, social- the
research of scientific problems in areas such as increasing economic efficiency is
gaining importance.

The expansion of the service economy in the world has its effect on the

changes in the composition of the gross domestic product of the countries based
on the developed market economy. In the economically developed countries, the
share of service and service sector in the gross domestic product is 65-80%, and
the contribution of the funds spent on investing in science and innovative
activities is 3.0%

1

. Also, more than 70.0% of employment and 40.0% of direct

investments in developed countries are in the service sector

2

. This, in turn,

shows the special importance of increasing the efficiency of the use of economic
resources in service enterprises.

Today, in the process of modernization of the economy of our republic, the

regular and stable economic development of the enterprises of the service sector
requires the improvement of the mechanisms for increasing the efficiency of the
use of economic resources, which is considered an important factor for ensuring
the intensity of their economic activity. In this process, the tasks of the sector are
to ensure the intensity of service related to the mechanism of increasing the
efficiency of the activities of service enterprises, to increase labor productivity in

1

http://www.worldbank.org/eca/russian/data/

2

http://stats.oecd.org/


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the enterprises of the sector, to achieve economical use of economic resources,
to achieve the efficiency of the use of labor resources, to ensure the quality of the
produced services and its effectiveness, to fully satisfy the needs of service
consumers. is one of its own problems. At the same time, increasing the quality
of services of service enterprises in the international market and increasing the
export of services is the main task of the socio-economic development of our
country.

Today, 80.0% of total jobs in developed countries, particularly the US

economy, are contributed by service industries. 85.0% of employees working in
this field are specialists with high knowledge and qualifications.

Similar trends can be seen in other countries with dormant economies. For

example, 14.0% of people employed in the UK industry, 18.0% in Japan, 20.0%
in Italy and Germany. According to the information presented in the "Economist"
magazine, the number of people employed in US industrial production is 10.0%
of the total working age population. Almost half of them are engaged in service-
related activities (design, distribution of goods, financial planning, marketing,
etc.) without being directly engaged in production

3

.

The current development of the world economy is under the influence of

cognitive (lat. "cognitio" - "knowledge", "thinking") factors and productions
based on economical economy, food and biotechnology. This leads to a sharp
increase in the volume of information that is required for the development and
adoption of management decisions in macroeconomics. As a result, the
knowledge of employees and the level of development of information and
communication technologies in each country determine its progress and
competitiveness

4

.

In the conditions of the innovative development of the economy, the

development of the service sector is economically effective compared to
production , because the organization of initial activities in the service sector is
characterized by a high turnover rate of financial funds, requiring less
investment.

At the current stage of the economic development of our country, the

number and quality of services are increasing. The application of the experience
of developed countries has led to an increase in the demand for services. This, in
turn, caused changes in the composition of the consumer market. As a result of
the increase in the material well-being of some sections of the population, a new

3

O sokrashchenii zanyatosti v mirovoy promyshlennosti // BIKI. 2015. No. 138 (8934), - S. 4.

4

Abdurakhmanov Q.Kh. Labor economics: theory and practice / Textbook. Revised and supplemented 3rd edition. - T.:

Academy of Sciences of Uzbekistan "FAN" publishing state enterprise, 2019. p. 548.


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category of consumers with their own requirements and needs for services has
emerged. Affluent consumers are in high demand for a wide range of services
that enhance their lifestyle. For this reason, some service enterprises focus their
activities on meeting these demands and needs of the population

5

.

A feature common to all types of economic resources is their relative

limitation and scarcity. Limited resources limit production and services along
with consumption. As a result, each enterprise, country, taking into account its
capabilities, gives priority to the expansion and development of each type of
production of goods and services, not all at once, but selects the most necessary
ones for this period, and attracts resources to them first (Fig. 1).











Figure 1. Classification of economic resources

6


Each resource has a certain effect when it is used in the service process.

Resource yield has its limits. Any resource cannot be produced beyond a certain
limit even if it is used wisely.

Network integration involves pooling the resource base. Each business unit

that is part of integrated business structures has its own set of resources and
methods of their management. Therefore, the integration of the resource base

5

Urakov J.R. The organizational and economic mechanism of increasing the efficiency of the activities of service

enterprises (in the case of Samarkand region) // diss. iqt. science. candidate. - T.: Samisi. 2011. p. 15-16.

6

Developed by the author.

Classification of economic resources

Material resources

Labor resources

Natural

resources

Land,

minerals

Man-made

means of

production

Capital

People with labor
(workforce) and
entrepreneurship

Intangible assets

1. Objects of intellectual
property.
2. The right to use natural
resources.
3. Organizational costs.
4. Firm price, etc.


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requires the creation of a resource management system in accordance with the
goals and strategy of the development of integrated business structures, the
tasks of which may include the following: the formation of the resource base in
accordance with the strategy of the development of integrated business
structures; focusing on the efficiency of resource use, their importance for
business; rational distribution of resources between processes and individual
business units; monitoring the adequacy of necessary resources; prevent the
negative effects of the external environment.

The resource base is a necessary condition for the effective operation of the

service enterprise, because the timely and completeness of the activity, the
increase in labor productivity and the possibility of applying innovative methods
of economic management depend on the provision of economic resources and
their rational use. The resource base is embodied, firstly, as a source of optimal
strategy formation, secondly, as a factor influencing the organization's external
environment, and thirdly, as a factor determining the direction of the
organization's actions. Resources are a set of funds used in the organization's
economic activities, which include fixed assets, working capital and labor
resources.

Resources shape the result of activity through decisions and organized

business processes, that is, resources transform organizational capabilities into
the achievement of organizational goals (Figure 2).
















Ma

rke

ti

ng

(introduc

ti

on)

La

bor r

esou

rc

es

Ba

sic

f

unds

R

evolvi

ng fu

nds

Resources

(introduction)

Resources

(exit)

Processing of

resources in

the enterprise

S

ize

of a

cti

vit

y

S

cope

of a

cti

vit

y,

compos

it

ion

Expe

nse

s

Be

ne

fit

Ma

rke

ti

ng

(e

xit

)

Economy

External environment

External environment


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Figure 2. Movement of economic resources in an integrated business

structure in the service sector

7


Basic means - means of labor repeatedly involved in the production

process; transfers its value to the created product, goods, work, service in
installments; does not change its natural-material form. Sources of formation of
the main means of the enterprise: own and equivalent funds-authorized capital,
depreciation deductions, part of the profit directed to the financing of capital
investments; budget allocations; Debt funds are long-term loans from banks, but
this applies only to capital investments in projects with a high level of
profitability.

Circulating means are the means of production that carry out single

economic circulation, transfer their value completely to the finished product or
the provided service, and constantly change their form during the production
process. According to the economic content and composition, working capital is
divided into reserves, cash, receivables and other types of funds (non-monetary
forms, securities).

Labor resources - the total number of employees employed in the

enterprise - represents the part of the population that is employed or can work
in economic sectors and industries. Labor resources are fundamentally different
from all other types of enterprise resources, because they are an active part of
resources and have leading importance in production.

The resource structure of enterprises in the service sector differs from that

of industrial enterprises. For example , trade in enterprises work expenses share
industry to enterprises relatively low. That's it to emphasize should be , the main
, circulation funds and labor resources with one in line information and
intellectual resources too modern in the circumstances important importance
occupation It 's delicious .
In our opinion, i is economical to resources has been demand enterprise of
activity to the size of , that's it of resources is prepared goods or to products has
been demand , instead of clicker and filler resources for the price and another to
factors depend Resources certain properties to e : mobility , combination ,
alternative and complexity

.

7

Developed by the author.


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References:

1.

Abdurakhmanov Q.Kh. Labor economics: theory and practice / Textbook.

Revised and supplemented 3rd edition. - T.: Academy of Sciences of Uzbekistan
"FAN" publishing state enterprise, 2019. p. 548.
2.

Urakov J.R. The organizational and economic mechanism of increasing the

efficiency of the activities of service enterprises (in the case of Samarkand
region) // diss. iqt. science. candidate. - T.: Samisi. 2011. p. 15-16.
3.

O sokrashchenii zanyatosti v mirovoy promyshlennosti // BIKI. 2015. No.

138 (8934), - S. 4.
4.

http://www.worldbank.org/eca/russian/data/

5.

http://stats.oecd.org/

References

Abdurakhmanov Q.Kh. Labor economics: theory and practice / Textbook. Revised and supplemented 3rd edition. - T.: Academy of Sciences of Uzbekistan "FAN" publishing state enterprise, 2019. p. 548.

Urakov J.R. The organizational and economic mechanism of increasing the efficiency of the activities of service enterprises (in the case of Samarkand region) // diss. iqt. science. candidate. - T.: Samisi. 2011. p. 15-16.

O sokrashchenii zanyatosti v mirovoy promyshlennosti // BIKI. 2015. No. 138 (8934), - S. 4.

http://www.worldbank.org/eca/russian/data/

http://stats.oecd.org/