PRODUCTION POTENTIAL AND AGRICULTURAL EFFECTIVENESS IN EUROPEAN UNION COUNTRIES

Abstract

The aim of the paper was to assess the relation between agricultural production factors and effectiveness in European Union’s agriculture. For each country two synthetic coefficients were calculated using TOPSIS method. The first one characterises production factors relations, the latter one displays effectiveness of production factors. The objective of the research was to verify the correlation between these indices. The analysis proved that in many analysed countries the agricultural potential is correlated positively with the agricultural effectiveness. 

Keywords

• production potential
• effectiveness of production
• synthetic coefficient
• correlation