Enterprises, both manufacturing, trading and providing services, in their development largely depend on the competencies of their personnel: interest in the business, responsibility, level of education and self-development, etc.
Ownership of land plots is another significant resource, the competent use of which is largely the key to success. The effectiveness of this factor is largely determined by the price level of the territory within the city. The cost of plots also affects the change in development in both residential and industrial areas.
As for energy and raw materials, their student database prices have increased significantly over the past ten years. This has led to a slowdown in economic development. Many companies have had to direct capital investments not to strengthening their market positions and stabilizing their performance indicators, but to restructuring their operations due to sharp changes in the cost of these resources.
The pricing policy in the field of raw materials is unstable. Today, long-developed deposits located in areas equipped for mining and for workers to live in are being depleted. Thus, there is a need to search for and develop new underground storage facilities. They may be less accessible and more scarce. Their development will require even more material investment, and technological processes will become more complex. At the same time, the efficiency of the mining industry will noticeably decrease.
Extractive industry efficiency
The ever-increasing cost of raw materials leads to the inevitable need to find ways to restore and reuse them. Recycling of recycled materials plays a vital role in preserving nature as a habitat for animals and people. This issue is acutely on the agenda in all countries of the world.