Abstract
In the understanding of modern economics, the main economic problems are caused not only by growth, but also by structural and institutional changes that affect the quality of life. It is no secret that economic development, as a complex long-term and multifactorial process, is based on economic growth, the latter is a quantitative increase in the production of goods and services, the term "economic development", in turn, includes such changes in economic conditions that for most members of society make them more comfortable. For about thirty years, Artsakh has built an independent, free, state anchored on democratic values, where a person is a real value, along with his freedom and preferences. Having gone through a difficult path of establishment, having a closed and degraded, impoverished economy with limited development opportunities, however, Artsakh recorded quite good indicators of economic growth, which were higher than the countries of the region. Since the beginning of 2020, the rate of economic growth has undergone unforeseen changes in Artsakh all over the world.
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