SOCIO-ECONOMIC DEVELOPMENT OF THE REGION AS AN ECONOMIC SCIENTIFIC DEFINITION
Abstract
Despite the fairly extensive list of studies on the substantive content of the concept of «socio-economic development of regions», further research is needed on the factors that influence the socio-economic development of regions, with an emphasis on the analysis of regional disparities, the impact of regional policy, the role of local resources, and infrastructure. The purpose of this article is to provide a comprehensive analysis and assessment of the key factors that influence the socio-economic development of regions, in order to identify and understand the complex interrelationships between the economic, social, institutional, and natural components of regional development. The characteristic features and components of the development of the economic system are analyzed and systematized. It is determined that socio-economic development encompasses a complex process that includes both quantitative and qualitative changes in the economic and social spheres of the economic system. This includes improvements in material conditions, the evolution of the economic structure and entrepreneurship, the expansion of access to public goods and services, such as education and health care. Development also promotes improvements in social system relations, including strengthening social integration, trust, security, and resolving social conflicts. An important aspect is also the preservation of the environment and the increase in the level of life satisfaction of the population. Overall, socio-economic development aims to achieve sustainable, balanced, and inclusive development that takes into account the interests of all stakeholders. The concept of «socio-economic development of the region» is investigated as a process of systematic and positively directed changes in the socio-economic, organizational-economic, and technical-economic parameters of the functioning of the region, as a result of which there is a steady increase in the level and quality of life of the population of the region.
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