Complex synthesis of factors for modern development of welfare of territorial communities

Education and research institute “Karazin business school” V.N. Karazin Kharkiv National University, 1, Myronosytska St., Kharkiv, 61002, Ukraine

¹ Corresponding author: varuk@karazin.ua

Abstract

It is substantiated that providing citizens’ welfare, which occurs through a complex synthesis of factors, is one of those that is in the constant field of view of the socio-economic sphere. Analyzing, systematizing and summarizing the scientific works of many scientists, welfare factors are identified that are important for prospects’ understanding of territorial communities’ functioning, their role and place in the national economy, conditions that ensure competitiveness, and directions for improving efficiency of activities. At the same time, factors of welfare of territorial communities can be individual and subjective, with different significance for different people, may vary throughout a lifetime, and may also have a direct or indirect impact on each member. So, some people pay more attention to financial wealth, others – to their physical and/or mental health. The following factors of welfare of territorial communities are proposed and described: socio-economic, demographic, legal, political, cultural and psychological. It is concluded that to date, in the context of intensive transformations and reforms, communities’ welfare is a product of many and often interconnected factors, understanding the impact of which is important for determining competitiveness of the communities and directions to improve efficiency of activities.