RESEARCH OF THE INFLUENCE OF THE ACTIVITIES OF ENTREPRENEURSHIP ENTITIES ON THE EFFICIENCY INDICATORS OF THE COUNTRY
Journal: International scientific journal "Internauka." Series: "Economic Sciences" (Vol.1, No. 75)Publication Date: 2023-07-31
Authors : Rudachenko Olha; Pyskun Lesia;
Page : 141-147
Keywords : entrepreneurship entities; entrepreneurial activity; GDP; modeling; sustainable development; economy;
Abstract
Factors affecting the country's efficiency in the form of GDP are substantiated, namely, net profit (loss), number of employed workers, number of hired workers, volume of sold products (services), number of active business entities. An algorithm for constructing a regression-correlation analysis of the influence of business activity indicators on GDP has been developed. Such an algorithm includes 7 main stages that are interconnected. The article proves that the most influential factor of the activity of business entities on the performance indicators of the country is the total number of active business entities. It was emphasized that in today's business conditions, also due to the negative impact of the pandemic and the war in Ukraine and other negative factors, which are in most cases dynamic, there is an urgent issue of continuously increasing the economic efficiency of the country as a whole. It has been proven that the increase in economic efficiency and growth of the country should take place on the basis of the economic development of business entities. It was emphasized that the sustainable development of the country's economy and the increase of its performance indicators is the final result of the Sustainable Development Goals, an integral component of which is defined as the effective activity of business entities. The concept of efficiency is defined as an economic category that reflects relations in the field of production in relation to saving the costs of materialized and live labor to obtain the final desired (positive) result. Also, the characteristics of efficiency at the level of business entities have been established, as a relationship between the value of the final result obtained from the type of its activity and the total amount of investment or resources spent in production and increasing its efficiency by using a smaller amount of spent resources to achieve the desired result. The need to stimulate the creation of conditions for the establishment of business entities, to stimulate their development and modernization at the state level was emphasized.
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