SOME ASPECTS OF IMPROVING THE METHODOLOGY OF ECONOMIC ANALYSIS
SOME ASPECTS OF IMPROVING THE METHODOLOGY OF ECONOMIC ANALYSIS

Summary/Abstract: The main methodological peculiarity of economic analysis is that it can not only identify cause-effect relationships, but also provide their quantitative characterization. In other words, it ensures to measure the size of the impact of the factors affecting the performance of a company. This allows us to provide an accurate diagnosis on the conditions of economy and develop proper recommendations based on its outcomes. Therefore, the main purpose of economic analysis is to divide the object of study into fragments. For determining the number of the affecting factors and the size of the impact of each of these factors, the more simple elements the object of the study is represented, the more likely it is to understand the essence of the case and provide more definite conclusions. Obviously, the fragmentation of the analytical object depends on the purpose of analysis and the maximum possibility of its fragmentation. In this regard, in terms of market economy, particular importance is paid to the in-depth analysis of the improvement of production efficiency indicators, like capital productivity and labor productivity.

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