ECONOMIC EFFICIENCY OF THE BUSINESS OF THE ENTERPRISE: THEORETICAL ASPECTS
Journal Title: Науковий вісник Ужгородського національного університету. Серія: Міжнародні економічні відносини та світове господарство - Year 2018, Vol 20, Issue 3
Abstract
The essence of the concept of economic efficiency is investigated. It is established that efficiency should be understood as an integrated economic category, which reflects the production relations in terms of saving the aggregate expenditures of the adjusted and living labor for a final positive result. The actual vision of economic efficiency, as the result of the financial and economic activity of the entity, which covers all expenses for its implementation and contains the net profit remaining for business development, is proposed. It is proved that the solution of a number of socio-economic tasks, such as raising the standard of living of the population, rapid economic growth, improving working conditions and rest, and reducing inflation, depends on the level of economic activity. Problems of efficiency are considered from different angles of view and evaluated for different purposes and users of information. A number of factors are determined which determines economic efficiency. Characterized by factors influencing the efficiency of the enterprise, according to categories of indicators. Classification signs of factors of influence on economic efficiency are systematized. It is proved that increasing the economic efficiency of any business entity plays a prominent role in its activities, therefore, there is a need for constant control and the search for ways of its growth.
Authors and Affiliations
А. O. Yaroslavskyi
Keywords
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