https://doi.org/10.36719/2789-6919/42/83-87
Ali Aliyev
Azerbaijan State University of Economics
graduate student
https://orcid.org/0009-0000-4536-6944
ali.aliyev.11.11.2002@gmail.com
Innovative Models for the Development of Commercial and Economic Facilities
Abstract
As we know, in the modern era, a number of areas are developing, the most significant of which is the economy. The application of innovative methods and mechanisms of their implementation acquires special relevance in this sphere. The article deals with new approaches to accelerating economic development, technological innovations, and modern trends related to the modernization of the market structure. It discusses how innovative models are integrated into various sectors of the economy, including trade, industry and the service sector. In addition, the article examines how innovations and competitive advantages affect the development of economic entities, as well as important factors in the successful implementation of modern trade strategies on global and local markets. The advantages of applying these models for the sustainable development of commercial and economic objects, as well as the problems and obstacles that arise in this case, are analyzed. The whole article is a study that emphasizes the importance of innovative approaches to the development of commercial and economic objects and gives recommendations for future studies and applications in this area. This aspect is systematically analyzed in the article and suggestions and recommendations are given.
Keywords: economy, trade, model, innovation, application