Features of Formation of Product Manufacturing Processes with High Added Value in Kazakhstan

  • Almaz RYSBEKOV Department of Economics, Kh. A. Yasawi International Kazakh-turkish University, Turkestan, Kazakhstan
  • Serikbay YDYRYS Department of Economics, Kh. A. Yasawi International Kazakh-turkish University, Turkestan, Kazakhstan
  • Erzhan AMIRBEKULY Department of Economics, T. Ryskulov Kazakh Economy University, Almaty, Kazakhstan
  • Almas KURALBAYEV Department of Management and Tourism, Kh. A. Yasawi International Kazakh-turkish University, Turkestan, Kazakhstan

Abstract

Added value generated in commodity production and has a ‘fixed’ characteristic as the newly created value. It is equivalent to ‘the difference between the value of produced goods and services used in the production process. Economic nature of the value added is the increment (addition) of the value of produced goods and services. In other words, value added, neither is ‘adding value to the selling price of the goods’ as a subjective action, and neither is the cost of goods and services used in the production of goods. Valuation of marketable products allows taking into account the difference in the cost of production of goods and services and gross valuation products. This difference should be in mind while taking into account and measured cost effectiveness in the production of goods and services.

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Published
2017-06-07
How to Cite
RYSBEKOV, Almaz et al. Features of Formation of Product Manufacturing Processes with High Added Value in Kazakhstan. Journal of Advanced Research in Law and Economics, [S.l.], v. 8, n. 1, p. 192-203, june 2017. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/1145>. Date accessed: 15 nov. 2024.