Essence of the economic development category
Received 26.06.2021, Revised 18.10.2021, Accepted 19.11.2021, Published 17.12.2021
Abstract
To disclosure othe essence of "economic development" and the definition of the features of the assessment of the mechanism of economic development of enterprises. The authors of the work presented a scientific and logical approach to defining the essence of the category "economic development". Research and evaluation of the economic development of an enterprise occupies an important place among modern economic science and practice. Despite the great interest in this area of research among domestic and foreign scientists, at the moment, many issues remain controversial. Therefore, a detailed analysis and the proposed classification of an enterprise by types of economic development is relevant. All types of economic development are closely related to each other (both direct and feedback). So, the economic development of a region or industry depends on the level of economic development of enterprises located in the territory of a given region or related to the relevant industry. The aggregate economic development of the regions, as well as the economic development of all sectors of the national economy, ensures the economic development of the country, which in turn is a contribution to the overall world economic development. There is also an inverse relationship between the above types of economic development. Based on the analysis of existing methods for assessing the effectiveness of the economic development of various types of enterprises, a unified classification of enterprises was developed and its own method for assessing the effectiveness of their economic development was proposed. Each type of economic development characterizes a directed, natural change in a certain object and must have its own system of indicators and criteria that most accurately characterize the effectiveness of this process. The connection between them is such that the indicators of economic development of a country, region or industry should be based on indicators of the economic development of an enterprise. The most important methodological difference between the terms "economic development of an enterprise", "economic development of the region", "economic development of the industry" and "economic development of the country" is that if an individual enterprise can operate at a loss, can go bankrupt and be liquidated altogether, then the region, as a set of all economic entities concentrated on a certain territory (and these are not only enterprises), and even more so a country, cannot be liquidated. This article examines the essence of the category "economic development" and examines the features of the economic development of enterprises.
Keywords:
economic development; efficiency; economic growth
