THE ROLE OF INVESTMENT AND INNOVATION IN THE DEVELOPMENT OF THE NATIONAL INNOVATION SYSTEM

Abstract

The article examines and analyzes investment and innovation as an economic category, taking into account the views of various economists. The author develops her own definition of innovation based on the results of the research. Its importance in ensuring innovative development is theoretically highlighted, as well as its role in achieving economic growth has been revealed. According to the research, descriptive indicators of an innovative economy and their comparative analysis of the legal, organizational and material aspects of the economy of Uzbekistan are based on the importance of its material and technical aspects in creating an innovation system in the country. Relevant conclusions and recommendations for ensuring innovative development were proposed.