| | | | PROBLEMS OF MODERN ECONOMICS, N 3 (35), 2010 | | | | PROBLEMS OF MODERNIZATION AND TRANSITION TO INNOVATIVE ECONOMY | | | Stepanenko D. M. Senior lecturer, Chair of Economics, Byelorussian-Russian University (Minsk) PhD (Economics)
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| | | The article analyzes advantages and disadvantages of the market economic system as a regulator of innovation activity, systematizes the general rules of the market, and discusses its drawbacks related to the regulation of the innovation activity proper | | Key words: market, market economic system, innovations, innovation activity, industrial revolution, market failure | |
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