PRODUCTION AND ITS FACTORS. LABOR PRODUCTIVITY AS A FACTOR OF ECONOMIC GROWTH
DOI:
https://doi.org/10.55640/Keywords:
Production, factors of production, labor productivity, capital, entrepreneurship, efficiency, economic growth, enterprise competitiveness, resource management, tangible and intangible production.Abstract
This article analyzes the production process, its main factors and the role of labor productivity in economic growth. When production factors — labor, capital, land and entrepreneurial skills — are effectively used, production volume, product quality and enterprise competitiveness increase. The article considers tangible and intangible types of the production process, methods of increasing efficiency, reducing costs and rational use of resources. Also, a real statistical analysis is given on the example of the production efficiency of OOO "Ziyo Plast" in 2024-2025.
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