Sergey Yu. Kondratov, Marina A. Kimadze
Aim of the study: The formation of cluster formations in the economy has been attracting considerable attention of many scientists for a long time. Nevertheless, the phenomenon of clustering itself generates many scientific questions and discussions related to the versatility of the spheres of its origin and methods of managing cluster formations. Therefore, the research task in this issue is to clarify the main essential features of the concept of "cluster", to justify its content and forms of clustering of the economy. Methodology: Among the numerous works prepared and published by leading experts and scientists of these institutions, works on industrial policy, innovation and industrial development, innovation implementation, creation of special economic zones, introduction and development of industrial parks in the regions, institutional support for innovative development, clustering of the country's industry and the creation of industrial clusters in many regions of the country. Conclusion: For the first time, the doctrinal scientific justification of the content of clusters and the features of their formation was carried out by porter M. he defines a cluster as geographically localized organizations that complement each other at the industry level, which ensures the achievement of competitive advantages.