MICROECONOMIC FOUNDATIONS OF MARKET EQUILIBRIUM AND PRICE FORMATION: ANALYSIS BASED ON THE EXAMPLE OF THE UZBEK ECONOMY
Keywords:
Keywords: microeconomics, demand and supply, price mechanism, market equilibrium, consumer behavior, producer, resource allocation.Abstract
Abstract: This article provides a theoretical and practical analysis of core
microeconomic concepts such as demand and supply equilibrium, price mechanism,
and resource allocation. Factors influencing the formation of market equilibrium in
Uzbekistan, and how consumer and producer decisions are coordinated through market
prices, are examined. The article also offers recommendations for increasing market
efficiency through the preservation of microeconomic equilibrium.
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