Abstract
The article analyzes how the use of information and communication technologies and digital marketing tools contribute to increasing competitiveness, optimizing business processes, expanding sales markets, and improving customer relations. This article offers a comprehensive examination of the intricate dynamics between innovation, entrepreneurship, and economic growth, drawing from an extensive review of empirical studies, theoretical frameworks, and policy implications. Through a meticulous analysis of the symbiotic relationship between innovation and entrepreneurship, it elucidates their multifaceted contributions to driving sustained economic prosperity. By delving into the nuanced mechanisms and contextual factors that shape this relationship, the article provides insights for policymakers, researchers, and practitioners seeking to foster innovation-led growth in today's complex global economy. In the context of contemporary economic development, innovation and entrepreneurship have emerged as central pillars driving productivity growth, technological progress, and market dynamism. This paper embarks on a journey to unravel the complex interplay between these two phenomena and how their synergistic relationship shapes the trajectory of economic growth. By examining the underlying mechanisms, empirical evidence, and policy implications, we aim to shed light on the transformative potential of innovation and entrepreneurship in fostering sustainable development and competitiveness. Innovation and entrepreneurship are essential engines of economic growth. Innovation is characterized by the creation and adoption of novel ideas, technologies, and business models, and is a catalyst for entrepreneurial activity by providing opportunities for market differentiation and value creation
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