Modern infrastructure and sustainable socio-economic development of the region

Abstract

In terms of a modern economic science, the basis of the term “region” is any key feature, aims at reflecting the integrated territory’s allocation. Such indicator can include the geographic location, the economic relationships, and the management activities particularity. The article presents the basic concepts, describes the key functions, features of the structure totality, systems and services located on the territory of a certain administrative unit, designed to ensure a high level of material production efficiency and standards of living. The region economic development dependence on the infrastructure development level as well as its importance for the social and economic spheres of public life are identified.