Scholarly record
AVAILABILITY AND QUALITY OF PRODUCTION FACTORS IN LATVIAN FISHERIES SECTOR
Abstract
In the understanding of the world economy, production factors are natural resources, capital, labour, undertaking and information. Availability and quality of the production factors in time is limited in proportion to the needs, consequently rational and efficient use of production factors play a significant role. The aim of the research is to reflect the availability and quality of the production factors in the Latvian fisheries sector. On the grounds of the methodology offered by the author and guiding by the available data and their quality, the author analyzed the production factors managed by the Latvian fisheries sector. As a result of the research, the author found out the provision of production factors in the Latvian fisheries sector and gave an insight into the need in structural reforms. The information included in the research can assist the institutions, entrepreneurs and researchers involved in establishment of fisheries policy to better understand the importance of availability and quality of production factors in ensuring the competitiveness and growth of Latvian fisheries sector. The research results can assist to develop and improve the common policy in the sector more successfully.
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References15
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