Statistics on the efficiency of the functioning of the economy

Efficiency is a socio-economic category. Increased efficiency is expressed in the economy of living and materialized labor, saving that contributes to a better and more complete satisfaction of social and personal needs of economic entities. Efficiency is measured by the ratio of the effect (result) obtained to the resources used or the current costs consumed […]

Depreciation and amortization of fixed assets

Fixed assets are subject to physical and moral deterioration. Physical deterioration consists in the fact that fixed assets over time gradually lose their production and technical qualities and completely fail, i.e. lose their use value. For different groups of fixed assets, physical wear and tear manifests itself in different ways. For equipment, wear is expressed […]