Impact of Innovation Activities of Business Entities on the Quality of Life

Abstract

The article examines how the innovation activity of business entities contributes to improving quality of life. The paper analyses innovation theories, describes the state of innovation development in Ukraine, and explains the role of innovations in enhancing the quality of life. The data on innovation implementation and the total expenditures of innovation activity of sectors compared with the inventory activity of Ukrainian industrial enterprises. The role of market infrastructure development is analyzed. The role of innovation activity is examined and determined at the stage for Ukraine’s postwar recovery. The innovation adoption helps to eliminate social inequality, improves the health and education systems, solves labor market issues, and increases employment.