PRIORITIES FOR THE DEVELOPMENT OF LABOR RELATIONS IN THE DEVELOPMENT OF SMALL BUSINESS AND PRIVATE ENTREPRENEURSHIP

Abstract

The transition to a market economy requires the search for rational ways of doing business. This means saving and investigating materials and raw materials, better use of machine tools and equipment, increasing employee productivity, reducing the cost per unit of product, ultimately. the enterprise provides for an increase in profitability and profitability. All of the factors mentioned combine into the concept of achieving the economic efficiency of production. Comparison of the final result (profit)of the enterprise's economic activity with the resources spent on achieving it reflects the effectiveness of production.