Efficiency and competitiveness: the interconnection and interdependence

The purpose of the disclosure of the nature and role of economic efficiency and competitiveness in the process of analyzing activity in the manufacturing industry in this article identified the approaches to the specification of a data entity economic categories. In this regard, work on the basis of the review retrospective analysis of theoretical research existing definitions in this direction; it is revealed that in the modern economic literature single point of view chosen by the majority of scholars, the definition of these concepts at the present stage yet. The authors found that competitiveness as an integrated indicator of economic efficiency implies more complex relationships between economic entities in comparison with the efficiency, which in this context acts as an indicator of a degree of efficiency of use of available enterprises limited resources.