ON THE ISSUE OF METHODOLOGICAL DIFFERENCES AND SIMILARITIES BETWEEN THE CONCEPTS OF «EFFICIENCY», «EFFICIENCY» AND «PRODUCTIVITY»

Abstract

The article analyzes the methodological differences and similarities between the concepts of efficiency, effectiveness and productivity. The logic of accounting, economic and financial approaches is compared. The authors conclude that it is necessary to correctly use the concepts of efficiency, effectiveness and productivity, depending on the type of analysis performed, determined by the possibility of monetary evaluation of the processes under study. The concept of "efficiency" is most suitable for cost–based calculations, the concept of "effectiveness" for cost-result analysis, the idea of productivity should be used in industry analysis, where quantitative rather than cost-based relationships are used. The popularity of using the concepts in Russian and foreign practice varies, especially with regard to the concept of "productivity", which is more often used abroad than in our country. The analysis methodology presented in the article can be used in humanities related to economics.