STRUCTURE OF PRODUCTION AND ECONOMIC POTENTIAL OF THE REGION

Abstract

The article considers the concepts of "economic potential of the region" and "production potential of the region", which are a factor in the economic development of the region. The article conducts a thorough study of scientific approaches to defining the definition of "economic potential of the region" and "production potential of the region" and as a result the author's definition of the concept of "production and economic potential of the region". The main differences between the author's definition and those already existing in economics are proved. Substantiated systematic approach to managing the development of the region, which in turn allows to determine the system of economic and financial indicators that characterize the state of production and economic potential of the region by structural units: financial potential; labor potential; stock potential; scientific potential; natural resource potential; institutional capacity; information and communication potential, which in turn is presented in the article in the form of a graphical diagram of the structure of production and economic potential of the region. The paper also provides a brief description of all types of potentials involved in the structure of production and economic potential of the region. The article also considers scientific approaches to the definition of fixed and working capital, analyzes their differences and similarities. Given the lack of a clear definition of the concept of fixed capital in the economic literature, the author presented his own vision of the definition of this concept, which in his opinion most fully reveals the meaning of this economic category.