Business, Management and Accounting
5 years ago

Unlocking Economic Competitiveness: Value Added Analysis Reveals Key Insights

The Young Economists Journal
AN ANALYSIS OF THE VALUE ADDED – CRITERION FOR THE DETERMINATION OF THE ECONOMIC COMPETITIVENESS*
Lauren iu Dragomir

Paper Summary

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The article analyzes the value added as a key indicator of economic competitiveness in businesses. It focuses on the South-West Oltenia Development Region in Romania. The main goal is to assess the level of value added in the region's economy. The value added reflects the economic power and contribution to GDP of a company. By maximizing profit and efficiency, businesses can achieve higher performance levels.