Akademik Məlumat İdarəetmə Sistemi
37th International Scientific Conference on Economic and Social Development - Socio Economic Problems of Sustainable Development, Baku, Azerbaijan, 14 - 15 February 2019, pp.7-15
Sustainable economic development brings about economic growth as a result of increased incomes in the country. Entrepreneurship plays an important role in the context of sustainable economic development. This role, which incorporates production, labor, capital and technology, combines assessment and risk and sets out a strategic framework for economic regulation and development. Entrepreneurship spirit is the key element of sustainable economic development in the country. The growth and prosperity of those elements are also the driving force of the economy. The impact of economic development on the entrepreneur takes a special place in promoting sustainable economic development by promoting entrepreneurs' innovation and innovation through competitiveness, promoting employment, opening up business opportunities, expanding production and commercial activities, inventions, scientific research and discoveries. Therefore, promoting a competitive environment in the business environment and boosting state-of-the-art support for increasing the volume of production are considered to be topical issues in ensuring sustainable economic development. The article analyzes the complex mechanism of sustainable economic development based on theoretical and practical approaches. The modern state of the economy of the Republic of Azerbaijan as the object of research was taken as a basis. The purpose of the research is to examine the methods of balanced economic development, based on macro and microeconomic analysis. The novelty of scientific research is to identify the the features of economic relationships, and to identify areas areas for effective economic development strategies based on program- targeted management.