INTERACTION OF THE CONCEPTS OF INNOVATION, CYCLIC RECURRENCE AND STANDARDIZATION

The article examines evaluation of the interrelations between the concepts of innovation, cyclic recurrence and standardization; the issue of how much the certain industries are ahead of the recession cycles or vice-versa are lagging behind the general trend of development in connection with the cyclic recurrence of individuals, companies, and sovereign territories. The economic and mathematical methods of analysis evaluating development of the economic characteristics of the subject under consideration by means of relative indicators of their profitability are used in the article for plotting charts. Innovations and standardization determine to a certain extent competitiveness of the market relations participants. The phase of depression and the phase of crisis are associated with the phase of general decline analyzed in the comparative table. The originality of the national cyclic development is emphasized, which is connected with the cycle duration.

industry organization, cyclic recurrence, life cycle, individual, innovation, standardization, product, strategy, competitiveness, globalization, sovereign territory.

Smetanina T. V., Zhikina O. V., Soboleva M. G. Interaction of the concepts of innovation, cyclic recurrence and standardization // Business. Education. Law. Bulletin of Volgograd Business Institute. 2016. No. 4 (37). P. 75–81.