Economic Development of Territorial Communities in the Structure of theEconomic Space: Modern Methods and Approaches

The work examines the meaning of the definitions "economic space" and "territorial community". It is known that the process of decentralization of power has become an active beginning of the development of territorial communities, currently territorial communities are independent budgetforming bodies of self-government. Their economic development mostly depends on the natural potential of the territorial community. Therefore, it is currently important to support the development of territorial communities, monitor the preservation of historical monuments located on the territory, and thanks to this, territorial communities will be able to actively develop, provide jobs for their residents, and this will preserve the trend of the development of the region.