The article’s purpose is to conduct research on the evolution of innovative development theories of the national economy. The article used the methods of generalization, scientific abstraction, systemic and economic analysis. The article proves that there is no single approach to the definition of these concepts, which indicates their diversity and the need for further research in order to specify them; innovation is a final materialized product, technology or service obtained as a result of the activation of innovative processes at the enterprise, characterized by better characteristics and technological level compared to previous analogues; innovative activity and process are closely related to scientific developments and research, in particular fundamental and applied; innovative activity involves the dissemination of innovations and the results of scientific and technical progress in order to meet the new needs of society, this type of activity is also risky, it involves the involvement of a large number of resources at all stages of the creation, testing and final implementation of the innovation.

In many scientists researches, innovative activity is studied mostly in connection with innovations, the innovation process, since most scientists first define and conduct research on the concept of “innovation”. However, these concepts are different in their meaning.

Innovative activity, in contrast to the innovative process, is a narrower concept, as it involves the practical application and implementation of innovative, scientific and intellectual potential in the business process, with the aim of obtaining a new competitive product in the production process that will better satisfy the demands and needs of consumers. The practical value of the article lies in the systematization of innovative development theories on the basis of studied sources and own considerations.

Key words: innovation; innovation process, innovative development, theories of innovation, researchers.

References

1. Smith, А. (2018), Research on the nature and causes of the wealth of nations, Our format, Kyiv.
2. Korniychuk, L. (1999), History of economic students: textbook, KNEU, Kyiv.
3. Bubenko, P. (2022), Theoretical and methodological components of the development of innovative economy and investments, Kharkiv National University of Urban Economy named after O. Beketova, Kharkiv.
4. Pylypenko, Yu. (2016), “Long-wave fluctuations as a regularity of the development of the world economy”, Economic Herald, 3, рр. 21–31.
5. Peresunko, Z. (2013), “Theoretical aspects of the development of innovative theory”, Efficient economy, 7, available at: http://www.economy.nayka.com.ua/?op=1&z=2192 (accessed 03 August 2023).
6. Pugach, A. (2018), Innovative development of the enterprise, Individual entrepreneur Shvets V.
7. Stark, V. (2011), Theory of economic development: Research of profits, capital, credit, interest and the economic cycle, Kyiv-Mohyla Academy Publishing House.
8. Peresunko, Z. (2013), “Theoretical aspects of the development of innovative theory”, Efficient economy, 7, available at: http://www.economy.nayka.com.ua/?op=1&z=2192 (accessed 03 August 2023).
9. Tsarenko, O. (2009), “The main directions of development of the theory of competitive advantages”, Investments: practice and experience, 4, рр. 57–60.
10. A large explanatory dictionary of the modern language, available at: https://slovnyk.me/dict/vts/%D1%96%D0%BD%D0%BD% D0%BE% D0%B2%D0%B0%D1%86%D1%96%D1%8F (accessed 04 August 2023).