On some background of the fourth industrial revolution

This article describes some of the socio-economic aspects associated with the processes of technological transformation. An expanded interpretation of innovation for economic growth and innovation for economic development is given. Three industrial revolutions are briefly characterized. The activities of various types of economic agents that took part in the implementation of the main incentives of the first industrial revolution are described in more detail. Assumptions are made about the premises of the fourth industrial revolution. As practice shown, the patterns of economic relations in that period correspond to an understanding of the social and economic feasibility of modernity

Keywords: economic growth; economic development; industrial revolution; business cycles; the role of entrepreneurship; innovation


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