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- W4387585815 abstract "The article examines the economic essence of innovations in production and their structure. The role of economic resources in the process of implementing innovations in production is determined. Implementation of such innovations is carried out through the implementation of relevant innovation and investment projects in all spheres and branches of the national economy. The process of systematic, planned and effective implementation of the mentioned projects will ensure the innovative recovery of the Ukrainian economy, which determines the relevance of the topic of the article. Innovation in production is the replacement of one or more economic resources by another, more efficient economic resource. The result of this kind of innovation is a reduction in production costs. The economic structure of innovation in production is formed by its two components. The component of innovation in production of the first type is aimed at replacing one traditional resource with another traditional resource. This refers to the replacement of labor resources with capital or the replacement of capital resources with other (cheaper) capital resources. The component of innovation in production of the second type is the replacement of both traditional production resources (both labor and capital) with a new economic resource – innovative. An innovative resource is a qualitatively new production factor. It is formed through the transformation of intellectual and informational resources (which are not economic resources due to their limited nature). This transformation takes place under the influence of entrepreneurial resources in the process of commercialization of innovations. Innovations in the production of a high specific gravity component of the second type are new or improved technologies. It is with the component of innovation in production of the second type that the prospect of social development based on innovation is primarily connected. Like all other factors of production, the innovation resource forms a factor income – innovation rent. The process of formation of innovative rent is associated with significant risks. However, in case of success, the amount of innovative rent per invested resource can significantly exceed traditional factor income (rent, interest, business income). It is this circumstance that drives the activation of innovative activities of business entities." @default.
- W4387585815 created "2023-10-13" @default.
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- W4387585815 date "2023-01-01" @default.
- W4387585815 modified "2023-10-14" @default.
- W4387585815 title "ANALYTICAL STUDY OF INNOVATIONS IN PRODUCTION" @default.
- W4387585815 doi "https://doi.org/10.32782/2523-4803/73-2-1" @default.
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