SOCIO-ECONOMIC PROSPECTS FOR IMPROVING THE EFFICIENCY OF INNOVATION AND INVESTMENT PROCESSES IN THE SERVICE SECTOR

Abstract

The article says that the service sector, which is currently an important, integral part of the industries and sectors of the modern economy, is becoming of great importance. The effectiveness of this industry largely determines the level of socio-economic development of the country. Thus, special attention is paid to the development of market relations, the organizational and legal structures of the service sector, which are the results of entrepreneurial activity, and the level of their competitive capabilities. As a result, the service sector will be able to coordinate the processes of economic entities through balanced strategic and tactical decisions, thereby ensuring the long-term sustainable development of the structural units under consideration.