Clusters as an innovative form of diversification and development of the economy of the Kabardin-Balkar Republic and the effect of synergy as a result of their functioning

The practice of developing successful economic systems shows that the theory of cluster mechanism is the most effective form of economic growth. When firms are more competitive together than separately, this is the prerequisite for creating a cluster as an innovative form of diversification and development of the regional economy. The article suggests options for creating diversified clusters within the framework of the Kabardino-Balkarian Republic and outlines the spectrum of potential synergy components as a result of cluster diversification in the Kabardino-Balkarian Republic.