THE MAIN APPROACHES TO THE DEFINITION OF ECONOMIC EFFICIENCY OF ENTERPRISES OF CONSTRUCTION INDUSTRY

Abstract

The problem of ambiguous interpretation of the category of "efficiency". Taking into account the fact that economic efficiency is quite complex and multifaceted category, coupled with the economic laws and applies to all activities of the enterprise this figure is one of the essential characteristics of the processes occurring in industrial organizations. The lack of a generally accepted view among domestic and foreign economists regarding the essential part of the index of efficiency of activity of the industrial enterprise leads to the impossibility of its use for the management of processes. In the conditions of market economy, the task of economic evaluation res ults of the economic entity remains an important element of the research aspects of the company. Each new refinement of recorded knowledge acts as a stimulus for the development of fundamental knowledge categories. One of the Central in the system of economic categories, in our opinion, is indicated for the effective functioning of the enterprise." Precise formulation of the conceptual framework, criteria-based composition have important theoretical value to justify the subject of any research conducted in the conditions of modern economic development of the global space. The definition of criteria and performance indicators, as well as developing sound economic policies of improving the economic mechanism of enterprise depend on a comprehensive study of the essence of economic efficiency of industrial enterprises of the industry. The article examines the main approaches to the definition of economic efficiency, as well as identify the degree of relation of the category of "efficiency" with other economic categories. The author suggested that the characteristics of the essence of economic efficiency, adequate to the task of functioning and development of enterprises in the construction industry.