AGRICULTURAL PRODUCTION COSTS, PRODUCT COST AND WAYS TO REDUCE IT IN UZBEKISTAN

Bafoyev Otabek

doi:10.31435/rsglobal_sr/31052019/6490

Bafoyev Otabek Tashkent Financial Institute, Department "Business and Entrepreneurship"

DOI: https://doi.org/10.31435/rsglobal_sr/31052019/6490

Keywords: cost, agricultural products, costs, efficiency, production, average costs, fixed costs, variable costs, cost of gross output, commercial production costs, cash expenses, calculation of production costs, direct and indirect costs, total costs

Abstract

The cost of production is one of the most important indicators of the economic efficiency of agricultural production. It shows how much the production of agricultural products to a particular enterprise costs. The cost price reflects the qualitative aspect of the economic activities of enterprises: the efficiency of using production resources, the state of technology and organization of production, the introduction of science and advanced experience, the level of economic management. The cost of production is necessary to justify the rational allocation and specialization of agricultural production, to determine its economic efficiency, to establish the level of prices for agricultural products. The purpose of this article is to show ways to reduce the cost of agricultural products, which is one of the most important issues in Uzbekistan. This article discusses ways to reduce the cost of production in agriculture and suggests ways to reduce costs in order to improve efficiency in the production of agricultural products.

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