Abstract
A cluster is a geographic concentration of related companies, organizations, and institutions in a particular field that can be present in a region, state, or nation. Clusters arise because they raise a company's productivity, which is influenced by local assets and the presence of like firms, institutions, and infrastructure that surround it. That is why the necessity of an estimation of efficiency of cluster formations and their structural elements is investigated. Methods of estimation of economic efficiency of cluster activity are offered. A system of indicators of the efficiency of the functioning of cluster entities and their structural elements, based on the levels of cluster efficiency evaluation, is generalized. It is determined that the system of principles for the formation and functioning of clusters can be a motive for identifying existing and identifying promising cluster type entities in Ukraine.
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