THE ROLE AND IMPORTANCE OF IDEAS IN INCOME GENERATION IN A COUNTRY’S INNOVATIVE DEVELOPMENT
Keywords:
innovation, creative idea, income, commercialization, intellectual property, knowledge economy, competitiveness, modern technologies.Abstract
This article analyzes innovative ideas, which form the foundation of the modern economy, and examines their strategic role in all sectors of the economy as well as in overall income generation. The study provides recommendations on mechanisms for reducing production costs and increasing product competitiveness through the implementation of innovations.
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