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Efficiency in the Economics of Management and Ways to Improve it | OMICS International | Abstract
ISSN: 2151-6219

Business and Economics Journal
Open Access

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Review Article

Efficiency in the Economics of Management and Ways to Improve it

Sailau Baizakov*

Doctor of Economy, Scientific Supervisor, Economic Research Institute, 65 Temirqazyk St, Astana 010017, Kazakhstan

*Corresponding Author:
Sailau Baizakov
Doctor of Economy
Scientific Supervisor, Economic Research Institute
65 Temirqazyk St, Astana 010017, Kazakhstan
Tel: + 77172701787
E-mail: [email protected]

Received Date: April 28, 2017; Accepted Date: June 20, 2017; Published Date: June 27, 2017

Citation: Baizakov S (2017) Efficiency in the Economics of Management and Ways to Improve it. Bus Eco J 8: 306. doi: 10.4172/2151-6219.1000306

Copyright: © 2017 Baizakov S. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

Abstract

The paper presented the analyses of one of the enigmas as set forth by the managerial economics. In analysing it, the paper formulated ways of resolving the enigma. The paper developed the theorem, which uncovered the essence of the two-dimensional measuring the indicators of the balanced economic growth in a developing economy. The outcomes of the analyses, carried out by the study, are expected to put a halt to the ineffective and inefficient use of natural material, capital and labour resources in any given developing economy. To that end, the results of the analyses will help open up the path leading to the effective green economy and will help maximize on the cost saving in the use of natural resources. The findings of the analyses will contribute to the development of the managerial economics and will be essential assets in measuring the balanced economic growth in developing countries. The novice of the paper is that the solution to the problem set as explained in this paper has ever been uncovered before.

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