In this thesis new objects to the existing set of invariants of Lie algebras are added. These invariant characteristics are capable of describing the nilpotent parametric continuum of Lie algebras. The properties of these invariants, in view of possible alternative classifications of Lie algebras, are formulated and their behaviour on known lower--dimensional Lie algebras investigated. It is demonstrated that these invariants, in view of their application on graded contractions of sl(3,C), are also effective in higher dimensions. A necessary contraction criterion involving these invariants is derived and applied to lower--dimensional cases. Possible application of these invariant characteristics to Jordan algebras is investigated.
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