IMPLICATIONS OF THE TIME FACTOR IN ECONOMIC DEVELOPMENT

Abstract

Time is one of the essential coordinates that all activities report in all fields of economic-social life, the passage of time confirms or infirm the efficiency of phenomena, processes, taken decisions. The action of time on the investment process is manifested in the connection with the length of design and execution of the objective, with the scheduling mode in time of expenditure of those funds, earlier entry into operation, achieving the designed technical-economic parameters and with the efficient lifetime. The demand for the products of a company and the rentability constitutes the two motivational factors of investments. The essential role is of request.

Keywords

• investments
• time
• the economic processes
• economic development
• economic efficiency