All economic processes are interconnected, fluid and contradictory. Balance (equilibrium) is the optimal measure of mutual actions between them. But the goal of the economy is to ensure that this balance is accompanied by an economic effect.
Discussion of this issue is key today. The economic effect itself is seen as the main goal in the economy: thanks to it, there is an increase in material abundance, easing the issue of limited resources, solving socio-economic problems inside and outside the country.
In general, the economic effect is a certain dynamics of quantitative increase and qualitative improvement of production results, as well as productivity.
The following methods are used to measure it:
- calculation of the economic effect due to the gross national product - how much it increased over a certain period of time;
- calculation of the annual growth rate and increase in gross domestic product orreal national income.
The economic effect is a positive component of the dynamics in the economy. It gives an idea of the speed of development of economic processes in the country. In order to increase the well-being of society, it is necessary that the growth of the economy be faster than the growth of the population.
To characterize the economic effect, they resort to the use of a number of indicators that measure the effectiveness of changing certain factors of production.
First of all, this is labor productivity (the ratio of output to costs), as well as its inverse indicator - the labor intensity of products. It also includes the productivity of capital (the ratio of output to capital employed) and capital intensity; productivity of natural resources and resource intensity. And finally, the capital-labor ratio (the ratio of capital costs to labor costs).
Economic effect is the most important direction of economic policy. The following tasks are solved here:
- the most complete use of resources;
- prevention or elimination of deviations from economic stability in order to make this process sustainable;
- imposition of restrictions of a social or economic nature in case of harm to the public interest.
Economic effect and economic efficiency helpsolve the problem of sustainable growth of the modern economy. In order to carry out its painless development, it is important to identify several directions that will give a safe and permanent character. For example, these are:
- increase in production efficiency, which allows timely resolution of emerging problems;
- harmonious development of public interests in order to prevent social conflicts;
- creating conditions for balanced economic growth, etc.
It should be remembered that the current highly developed market is able to solve the problem of increasing the welfare of the population, and the issue of development in enterprises, and the environmental issue.
