10  Public communication in science: philosophical, cultural, political, economic and IT context  Volume 1 . [3] Green Generation: Power System Recovery Recipes. (2020). Economic truth. Retrieved from https://www.epravda.com.ua/columns/2020/04/15/659392/?fbclid=IwAR2Ku4iS7Aj6VAiZU NHoVcAH5u9-JFMDRfo7CiGd_1TOOxFY-Oy8ksOQpbk [4] Value Chains of Different Technologies. (2020). Energypedia. Retrieved from https://energypedia.info/wiki/Value_Chains_of_Different_Technologies [5] Business Model Canvas. (2020). Wikipedia. Retrieved from https://en.wikipedia.org/wiki/Business_Model_Canvas [6] Tantau, A., & Staiger, R. (2020). Business Models in Renewable Energy Industry. In Sustainable Business: Concepts, Methodologies, Tools, and Applications (pp. 318-348). IGI Global. [7] Wicaksono, A. A., Syarief, R., & Suparno, O. (2017). Business Model In Electricity Industry Using Business Model Canvas Approach; The Case Of Pt. XYZ. Indonesian Journal of Business and Entrepreneurship (IJBE), 3(1), 52. DOI 10.36074/15.05.2020.v1.02 CONCEPTUAL APPROACHES TO DETERMINING ECONOMIC GROWTH FACTORS ORCID ID: 0000-0002-8657-7278 Oksana Mykytiuk PhD in Economics, associate professor of the Department of Business Economics Taras Shevchenko National University of Kyiv ORCID ID: 0000-0002-2322-9030 Kateryna Petrenko PhD in Economics, associate professor of the Department of International Economics National Technical University of Ukraine «Igor Sikorsky Kyiv Polytechnic Institute» UKRAINE Economic development was once the topic of great interest and political debate. Now the topic of economic growth is quite controversial. The world economy is an object consisting of corporate and market institutions which revolve around the planet like electronic space. Once some subject is destroyed, the effects from this are felt everywhere at the same time, it appears in the form of deep crises. The most destructive are sharp waves of repetitive cycles of financial system decline and steady intensification of global warming. Both effects are the most extreme dangers that humanity faces when we try to move further to the next level of development, which, in turn, is associated with the stages of economic growth of any state [1]. The problems of economic development were first outlined by the physiocrat F. Quesnay, but more substantively, scientists began to consider these issues in the twentieth century. Of course, one of the most important goals of any economic policy is to achieve long-term economic growth, which can only be achieved by clearly understanding what can be the factors that stimulate or constrain [2]. In this regard the American Economist B. Seligman noted that when considering the economic growth, we must take into account various factors: natural resources, political institutions, legislation, psychological and social factors. But on a massive scale, according to the economist’s opinion, it was almost impossible to capture economic growth [3]. Therefore, later well-known economists, authors of theories of economic growth, each of them tried to create their own unique theory or model of economic growth, which allow us to study and identify the most significant determinants of economic growth.