Open AccessResource saving - the basis of economic growth
Author(s) -
Mamadalieva N.A
Publication year - 2020
Publication title -
international journal on integrated education
Language(s) - English
Resource type - Journals
eISSN - 2620-3502
pISSN - 2615-3785
DOI - 10.31149/ijie.v3i9.621
Subject(s) - production (economics) , industrialisation , natural resource economics , balance (ability) , economics , capital (architecture) , consumption (sociology) , raw material , resource (disambiguation) , business , technological change , industrial organization , environmental economics , market economy , microeconomics , macroeconomics , medicine , computer network , social science , chemistry , archaeology , organic chemistry , sociology , computer science , physical medicine and rehabilitation , history
In conditions of a high level of industrialization of the economy, the production process is accompanied by the consumption of a significant amount of resources. Due to the fact that material costs account for more than half of production costs, a decrease in the latter is the most important qualitative indicator of economic development. Saving raw materials, materials, fuel, energy helps to reduce the cost of production and the need for capital investments, the introduction of scientific and technological advances, the establishment of new balance relations and economic balance, an increase in production, and an improvement in the financial situation of enterprises.