ECONOMIC MECHANISMS FOR INCREASING PRODUCTION EFFICIENCY IN INDUSTRIAL ENTERPRISES

Abstract

This article examines the principal economic mechanisms for increasing production efficiency in industrial enterprises. In the contemporary industrial economy, production efficiency depends not only on capital renewal and technology adoption, but also on managerial quality, workforce skills, energy performance, innovation capacity, and the ability to reorganize production systems under changing market conditions. Recent OECD and UNIDO materials show that productivity growth depends on both the incentives and the capabilities of firms and workers, while recent empirical studies indicate that digital transformation, energy-management practices, and managerial best practices can significantly improve manufacturing efficiency. The article argues that sustainable efficiency gains arise when technological, organizational, financial, and human-capital mechanisms are combined rather than applied in isolation.