Dominant principles of economic mechanisms in the system of sustainable innovative development of the economy

Abstract

In modern society, new phenomena are associated with the acceleration of sustainable innovative development of the economy based on digital techno-logies. In this context, economic mechanisms are defined as a necessary relationship that naturally occurs between many different economic phenomena. Economic mechanisms are a system of relations for the organization, functioning and regulation of sustainable innovative development of the economy, as well as methods and forms of integration interaction between education, science and business, one of the main goals of which is to improve the welfare of society. All this purposefully leads to saving the ecological system, intellectualizing production, deepening market relations, and improving the quality of goods and services. In the article, the authors attempt to define and analyze the main principles of economic mechanisms in the system of sustainable innovative development of the modern economic system. The determined changes that occur in the external environment and determine the further sustainable development of the economy are identified. The materials of the article have theoretical and practical significance, are based on promising directions of innovative and technological processes of economic development of modern society.