The sports industry and its role in the state economy

At the present stage, society and sport have a very close relationship with each other. Sport has a significant impact on various spheres of human life - physical, spiritual, social, material and others. In this regard, sports and the economy of the region, as well as the whole country, have a close connection with each other. The creation and implementation of innovative sports materials and food products with special properties, the holding of mass sports events, as well as the construction of ice arenas, swimming pools, gyms has a significant impact on the economy of our country. The emergence of the sports services market and the formation of a market approach in the economics of sports lead to serious changes in the development of sports infrastructure. Research on the economic impact of the sports industry on the economic potential of regions and the country is extremely relevant, which determined the purpose of the work - to study the economic components of the physical culture and sports industry and their impact on the economy of the state. The work uses general scientific research methods: analysis, synthesis, comparison, generalization, comparison, deductive and inductive methods and others. The study presents an analysis of the mutual influence of sports and the sports industry on the country’s economy and foreign economic relations, from the point of view of the components of the economic potential of the state and indicates the close relationship between the country’s economy and the sports life of society. The scientific novelty of this study lies in the analysis of existing, as well as the study of new economic components of the sports industry, which can serve as a basis for future research on the development of the sports industry, its economy, volume and role in the country’s economy.