Assessment of the impact of the social reproduction process on economic development of the region (case study of the Sverdlovsk oblast)

When a human person is perceived not only as a key factor in social development, but also as its objective, there appears the understanding that the qualitative shifts in the reproductive process, most valuable for the society, occur not in the material sphere, but in the sphere associated with the development of a person and satisfaction of his/her needs. This fundamental postulate helps to prioritize the goals of economic development. Economic growth without social reproduction defeats the purpose of economic development, as economic growth, which does not enhance the level and quality of life, contradicts its primary purpose. Financing of social reproduction of the population is not forced diversion of financial resources from the production process, but social investment that improves the quality of life and attracts skilled workforce to the region. The rise in salary of the economically active population has a positive effect on the formation of a profitable part of the budget, which is a prerequisite for its economic and social development on a more innovative base...