JEL Classification: B30; O3. DOI: https://doi.org/10.31521/modecon.V32(2022)-04 Hryhorian Oleksandra, PhD student of the Banking and Financial Services Department, S.Kuznets Kharkiv National University of Economics, Kharkiv, Ukraine ORCID ID: 0000-0001-9530-6042 e-mail: aleksandra.gry.jee@gmail.com Gradual Development of Concept of Term «Innovation» Abstract. Innovation activity is a powerful catalyst for economic development, modernization of technology, production technology, improvement ofRead more