New Technology as the Basis for Economic Development Republic of Uzbekistan

Abstract

The article notes that in the conditions of new technological development of business entities in all spheres of the economy, the features of technological development and its stimulation in order to achieve resource savings and the introduction of technological innovations are especially highlighted depending on the state of the enterprise and its direction of production. It is concluded that the possession of advanced technologies is becoming a significant factor in ensuring competitiveness. This increases the importance of technology as a commodity in world trade, causing high dynamics of their global market. The optimal variant of defining technology as “skill”, “art” in the processes of creating innovative products is given.