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The authors analyze and summarize the history of the development of the region, meaning of the term region and types. The paper analyzes the regions as basic territorial units which are important for regional development, the area in which establishes and implements regional development policy. The concept of the region is seen dynamically, in a historical context. The subject of the work is focused on the study of the phenomenon of the region as a territorial unit for the preparation and implementation of regional development policy for the purpose of equitable development. The authors analyzed different concepts and underlined the most important characteristics of the idea region and its types. Based on the analysis, definitively that the region is starting and basic territorial unit for planning and implementation of sustainable policies for regional development.