Stimulation of Innovation Activities in Service Areas
Journal: Management of the economy: theory and practice (Vol.14, No. 14)Publication Date: 2022-12-20
Authors : Hasanova S.;
Page : 198-203
Keywords : stimulation; innovation activities; service areas; mechanisms; transformation; interaction.;
Abstract
First of all, I would like to note that the realization of huge opportunities in the service sector makes them an important and intensively growing sector of the economy in the current conditions of agriculture. Representing an extremely important element and driving force of the world economic system, increasing opportunities for structuring social and economic development, the service sphere has become one of the strongest developing sectors of the economy, and currently contributes significantly to the creation of the country's GDP and the income of the population. Increasing its role in the local economy is a necessary priority of national development, a factor of maintaining the political and economic stability of the state in market conditions. A significant part of the service area is tourism, which is considered one of the largest, highly profitable and extremely dynamic sectors of the economy. Acting as an important factor of sustainable development and a business area against the background of globalization and activation of integration processes, tourism activity is formed by a set of numerous complex problematic reasons and management mechanisms and undergoes transformation in interaction.
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