The article provides a brief analysis of the main theoretical approaches to the role of innovation in the economy. The place and role of innovations in the reproduction process are considered.

In modern conditions, when management decisions are made on the basis of statistical, incomplete data analysis, the use of econometric modeling and analysis methods is not only reasonable, but necessary. Econometric models are applied both at the level of enterprise activity and at the level of analysis and planning of economic activity of the whole region and the country as a whole. The goal of the research is to create econometric models to obtain an effective tool for forecasting, analysis, and decision making.

This article presents the ways to attract investment for the development of small business and private entrepreneurship in the Republic of Uzbekistan, the mechanisms of their targeting and directions for attracting investment in forms of ownership.

One of the important roles in the reproductive process of agriculture is to increase the efficiency of the resources used. The article presents a system of indicators that can provide a generalized and quantitative description of economic processes related to the efficiency of agricultural production. Scientific proposals and practical recommendations for the development of the agricultural sector have also been developed.

This article describes the ways to create agro-clusters in agriculture of the Republic of Uzbekistan, to achieve a new level of development on the basis of an innovative approach to them.

Increasing the professionalism and competence was recognized as the main driving force of progress and activities leading to the goals of sustainable development. The modern education system involves the further improvement of the mechanisms for raising the competence of future specialists on the basis of a creative approach and an innovative system for putting them into practice. From this point of view, the research competence of future specialists on the basis of a creative approach is of particular importance for creating innovation, creating intellectual resources for socio-economic development through the development of cognitive and divergent thinking based on modern pedagogical processes that create new knowledge, and expanding the training opportunities for competitive personnel. The article looks into the requirements and policies for the competent teaching staff.