*Senior Lecturer, Uzbek State University of World Languages, Uzbekistan
Online published on 22 July, 2021.
The role of innovation activity provides high level of competitiveness in stable development of economic system is showed and the conditions of economic reforms are analyzed present time in this article. In particular, conducting the results of scientific research and innovative activity and using them effectively in innovative economic system provides the increasing of intensiveness of economic development of the country. From this point of view, innovation is very important in the existence of an innovative economy in the country, which is one of the main factors calling and achieving economic interests of mankind, is of great importance.
Innovation, Economy, Economic System, Economic Stability, Competition, Technology, Manufacturing, Economic Growth