Document Type : Research Article


1 Economic Theory Department, Ammosov North-Eastern Federal University, Republic of Sakha (Yakutia), Russian Federation

2 AKB "Almazergienbank" JSC of the Republic of Sakha (Yakutia), Russian Federation

3 Financial and Economic Department, Republican Investment Company, Russian Federation


North regions have severe conditions but they also have and advantages like small
populations and large territories without human intervention. The current research is
dedicated to the perspectives and potential of the developing and resolving social and
economic issues of the Republic of Sakha (Yakutia). In this article was analyzed citizens'
incomes and the life-rate of economic active socials in the republic. It is fact, the innovations
in the different branches of the regional economy will help to achieve positive changes in the
republic economy and especially in its social brunch. It is too important for the republic of
Sakha to resolve the problem of the connection with the region's compounds, and other
Russian federal parts. In accelerating the development of the economy and social sphere, the
main role will be played by rational employment, efficient use of the able-bodied population,
and the support of the young generation. Tourism and recreation business can become key to
resolve the economic and social problems of the region.