Keywords
Abstract
This article describes the production is the result of management, introduction of new techniques and technology, improvement of labor quality and others. Economic efficiency is the amount achieved due to the saving of material, labor, money and other resources. It is characterized by temporary savings, reduction of construction periods, saving of labor costs, no waste of working time, acceleration of the turnover of funds, improvement of the quality of work in management and other results. So, the fact that these effects appear in the production itself, if they represent the total work performed together, it can be expressed as a social and economic effect. The essence of economic efficiency management is related to its criteria and indicators.
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