DEVELOPMENT DIRECTIONS OF MODERN ECONOMY AND ITS SIGNIFICANCE IN SOCIETY DEVELOPMENT

This article scientifically analyzes the development trends of the modern economy, factors of economic growth in a market economy, the role of the state in the economy, and the importance of innovations. During the study, the main elements of the economic system, investments, entrepreneurial activity, the digital economy, and global economic processes were studied. The results show that economic development depends on the proper functioning of technology, knowledge, effective management, and market mechanisms.