Introduction: Business and education play a critical role in the development of the national economy around the world, and Ukraine is no exception. The development of these sectors affects many aspects of economic growth, and modern world experience provides several important guidelines for improving their role in the Ukrainian context. Methods: This article explores the role of business and education in the context of the national economy development, in particular in the context of Ukraine. The article considers the world experience and best practices relating to the interaction of these spheres, and offers concrete ways of improvement for Ukraine. Results: The article discusses specific actions that can be implemented in Ukraine to improve the participation of business and education in the development of the national economy, including simplifying business processes, stimulating foreign investments, developing innovations, and improving the quality of education, Conclusions: Finally, the implementation of the recommendations developed by the authors will help Ukraine achieve sustainable economic growth and improve living standards.