Factors of Production of Agriculture of the Republic of Kazakhstan

Abstract

The article considers the resource potential of such an industry as agriculture of the Republic of Kazakhstan. The need to study the factors of production is not in doubt since the influence of resource potential affects all levels of the economy. At the macro level, this is the production of the total social product; at the meso level - the production of the gross regional product; at the micro-level - the company’s production of marketable products. The factors of production, which include labor resources, natural and biological factors, capital, entrepreneurial abilities, are studied on the example of the agricultural sector. The assessment of agricultural production factors of the Republic of Kazakhstan is given. Practical aspects of the content of production factors based on economic statistical information are revealed. The analysis of the economic dynamics of agriculture at the present stage of management is carried out. It was revealed that crop production prevails in the structure of the gross agricultural output. Animal husbandry and farming services occupy a smaller share. The characteristic of the acreage distribution by regions of the Republic of Kazakhstan is given. The tendencies of supply in the rural labor market are considered. The primary investment areas have been identified as the need for capital investments increases in domestic agriculture. The service life and wear indicator of agricultural machinery give grounds to assert that the capital factor is insufficient for the industry under study, which significantly reduces the possibilities of expanded reproduction.