Pages: 268-274
Published: 30.04.2018
Abstract: This article examines the issues of increasing the economic efficiency of industrial enterprises. The author has revealed that industry is precisely the high potential of innovations and new combinations of knowledge in industry in comparison with other sectors of the economy. This leads to labor productivity and increased production, which leads to an economic increase in the economic efficiency of industrial enterprises is a key factor in the growth of the social level of workers. Although improving the profitability of industrial enterprises is seen as a source of improving living standards, the author has studied other ways to improve the living standards of workers. The author formed the theoretical grounds and target setting of the research - the development of new approaches to the study of factors affecting the increase in the social level of workers. Through econometric analyzes, the process associated with raising the standard of living of the population based on the economic efficiency of industrial enterprises has been studied. Factors were chosen: factors of efficiency of industrial enterprises, changes in operating income due to changes in the productivity of industrial enterprises, changes in the efficiency of the government by changing the efficiency of industrial enterprises and changing the standard of living by changing the incomes of employees.
Key words: standard of living, labor efficiency, labor costs, labor incentives, resources, labor productivity.
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