Abstract

Analysis of macroeconomic indicators of economic development and identification of existing disparities shows the lack of proportionality in the economic sector of Ukraine at all levels. Domestic production and exports in modern conditions have undergone obvious degradation and are losing in terms of complexity, which indicates the dependence of the domestic market on imports. The discrepancy between the growth rates and the deterioration of the financial condition of economic entities is identified as the most significant disproportion in the development of domestic industrial production. Restoration and modernization of the industrial sector of Ukraine on the basis of industrial policy is the only alternative to increase the level of competitiveness of the economy. Currently, the state of domestic industry does not meet the requirements of global transformations. The market of machine-building products is extremely important for Ukraine, as this industry plays a crucial role in creating the material and technical base of the economy. Mechanical engineering, which provides complex mechanization and automation of production, plays an extremely important role in accelerating scientific and technological progress. Thus, the decline in industrial production, and especially the production of investment products, leads to a weakening of the national economy, the loss of Ukraine’s competitive position in the world market. Therefore, the urgent issues are the studied socio-economic relations related to the functioning of industrial machine-building enterprises, as well as a set of economic decision-making processes for management at the enterprise, which arise in the context of liberalization of the national machine-building market.The given article considers and studies the socio-economic relations related to the functioning of industrial machine-building enterprises, as well as a set of economic decision-making processes for management at the enterprise, which arise in the context of liberalization of the national machine-building market. The real sector of the modern national economy must be modernized on the new principles of innovation and the use of creative potential. Domestic enterprises face serious tasks related to further improvement of their potential, namely methodical approaches to the management of innovative activities of industrial enterprises, the mechanism of preparation for the adoption and implementation of management decisions in the liberalization of the engineering market.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.