PECULIARITIES OF THE ELECTROTECHNICAL INDUSTRY AND THEIR IMPAC ON THE PRODUCTION COSTS

Popescu (costache) Luminita Nicoleta
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Popescu (costache) Luminita Nicoleta: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION CRAIOVA, ROMANIA

Annals - Economy Series, 2014, vol. Special, 155-161

Abstract: The electrotechnical industry is in the top branch within the industrial development and the technical progress, currently providing a wide range of innovative products and services, and as a result of this dynamic development, the electrotechnical industry has currently become a key industry for many other industrial sectors. Electricity has established itself in most areas of activity due to its easy use, easy distance transport, the fact that it can be turned into other forms of energy and because it is the most suitable for the supply of automation processes. Consequently, given that industry is the key factor for the recovery, modernization and economic revival of the country, we can say that the electrotechnical industry also has a crucial influence on Romania’s social and economic evolution, and this evolution is in its turn the result of the production cost monitoring and control in this sector.

Keywords: production costs; electrotechnical industry. (search for similar items in EconPapers)
Date: 2014
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