THE PROFITABILITY OF THE POPULATION AS A SOCIO-ECONOMIC CATEGORY

Abstract

Labor productivity characterizes the efficiency of a particular labor, which determines the degree of profitability of production activities. Labor efficiency indicators characterize the influence of many factors, including intra-industrial ones. The results of labor activity in market conditions are evaluated not only by the number of products produced, since these products may not be in demand and, therefore, not be sold, but also by the ability of this employee or labor collective to bring income to the enterprise. The relevance of the topic is due to the fact that the profitability of the population is the most important category that affects all spheres of the economy, the independence and viability of the state, reflects the degree of development of social production and determines its growth. In this regard, the study of the profitability of the population makes it possible to determine the expediency of labor activity at the micro, meso and macroeconomic levels. Research shows that there is a connection between labor profitability and socio-economic indicators characterizing the state of the labor market: employment, unemployment, deepening at the sectoral level, etc. At the level of the national economy, the policy of increasing labor profitability contributes to improving overall labor efficiency and stable economic growth.