ACADEMICIA: An International Multidisciplinary Research Journal
  • Year: 2022
  • Volume: 12
  • Issue: 5

The importance of financial literacy and increasing it

1Student, Termez Institute of Agrotechnology and Innovative Development, Uzbekistan, Email id: amirovadilshoda111@gmail.com

Online Published on 14 July, 2022.

Abstract

Economic literacy refers to the ability of a person to analyze, evaluate and make decisions from an economic point of view, to freely choose his/her way of life, to imagine the consequences of choice. information about the required experiments will be provided. The development of a modern market economy requires the participation of the population in the pension savings, insurance and mortgage systems. Because the participation of the population in these systems will help to address issues such as pension savings, social and health insurance, housing and improving the quality of education.

Keywords

Modernization, Financial Literacy, Income, Pension Savings, Labor Migration, Insurance