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Evaluation of the Efficiency of Expenditures of Non-Financial Enterprises by Economic Activities in Bulgaria

Author

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  • Michal Stojanov

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

In the conditions of continuously changing market environment, the business agents are looking for working strategies and tools for improving the use of resources and achieving the desired economic and social effects. The paper evaluates and critically analyses two key metrics for measuring the expenditure efficiency of non-financial enterprises in Bulgaria by selected groups of economic activities and total for 2010 and 2019. The study confirms that certain economic activities of the national economy perform superior than others, which in comparative and dynamic aspect, confirms the ability of some economic agents to perform better in terms of optimization decisions for resource allocation, additionally is validated the logical relation of higher revenues from the activities of economic operators are caused by higher costs/expenses and vice versa.

Suggested Citation

  • Michal Stojanov, 2021. "Evaluation of the Efficiency of Expenditures of Non-Financial Enterprises by Economic Activities in Bulgaria," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 10(1), pages 133-140, April.
  • Handle: RePEc:vra:journl:v:10:y:2021:i:1:p:133-140
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2021.10.1/133-140.pdf
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    More about this item

    Keywords

    efficiency of expenditures; non-financial enterprises; economic activities; Covid-19;
    All these keywords.

    JEL classification:

    • D20 - Microeconomics - - Production and Organizations - - - General
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis

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