The concept, essence and evolution of agro- industrial business development in enterprises

Abstract

Introduction. Agro-industrial business plays an important role for the economic development of all business entities of regional and national agro-industrial business. Its main function is constantly focused on the sale of manufactured products, receipt of working capital, necessary for the reproduction of entrepreneurial activity, remuneration of employees, payment of debts and profit receiving. At the same time, in practice, the level of efficiency of agro-industrial business of enterprises in the regions has significant deviations from the national average, and some agro- industrial business enterprises are unprofitable. At the same time, literature sources express an opinion and analyze the activity of agribusiness enterprises, which does not correspond to the full name - "agro-industrial business". All this determines the objective necessity of researching theoretical organizational and economic aspects of economic and social efficiency of of agro-industrial business enterprises functioning, which led to the choice of the research topic. Methods. The following methods are used in the study: monographic for detailed study of phenomens, processes; historical for the study of the evolution of agribusiness development; abstract and logical for processing of literary sources, theoretical positions, formation of conclusions; theoretical generalization, etc. Results. The concept, essence and evolution of agribusiness are revealed, its author's interpretation is given, the objective necessity to change the existing name "agribusiness" to new - "agro-industrial business" is substantiated, the levels of agro-industrial business (I - enterprises, II - country, III - international scale) are highlighted and the main aspects of improving its efficiency and competitiveness are determined. Discussion. Improving the efficiency of agro-industrial business should be achieved through active use of internal and external factors of functioning of agro-industrial enterprises. Keywords. Agro-industrial business, entrepreneurship, agriculture, manufacturing, economic relations, economic and social efficiency, costs, revenues, profit, integration, competitiveness.