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THE STUDY OF RURAL ECONOMY DEVELOPMENT IN THE<br />

WEST OF ROMANIA<br />

STUDIUL DEZVOLTĂRII ECONOMIEI RURALE ÎN PARTEA DE<br />

VEST A ROMÂNIEI<br />

NICOLETA MATEOC-SÎRB 1 , S. ANĂSTĂSOEI 1 , T. MATEOC 1 ,<br />

CAMELIA MĂNESCU 1<br />

1<br />

Banat’s University of Agricultural Sciences <strong>and</strong> Veter<strong>in</strong>ary Medic<strong>in</strong>e<br />

Timisoara, Agricultural Management Faculty, Timisoara, Romania;<br />

mateocnicol@yahoo.com<br />

West Region is an area relatively rich <strong>in</strong> natural resources, <strong>and</strong> that lead <strong>in</strong> time <strong>to</strong> strong<br />

economic development, occupy<strong>in</strong>g a high position among <strong>the</strong> most developed regions of <strong>the</strong><br />

country. The positive evolution of <strong>the</strong> region economy is determ<strong>in</strong>ed by a balanced<br />

distribution of economic sec<strong>to</strong>rs.<br />

In what regards <strong>the</strong> <strong>rural</strong> space, this is characterized <strong>in</strong> terms of population with a low<br />

population density, demographic decl<strong>in</strong>e due <strong>to</strong> migration <strong>and</strong> ag<strong>in</strong>g population, mortality<br />

rate relatively highlow <strong>and</strong> a low capacity of demographic renewal as a negative natural<br />

population growth.<br />

Key words: agriculture, population, region, economic activities, evolution<br />

PROFITABILITY AND EFFICIENCY IN AGRICULTURE<br />

RENTABILITATE ŞI EFICIENŢĂ ÎN AGRICULTURĂ<br />

SIMONA CRISTINA COSTEA 1<br />

1 Tibiscus University Timişoara, Faculty of Economic Sciences, Timisoara,<br />

Romania; simona.costea@gmail.com<br />

Profitability expresses <strong>the</strong> efficiency of f<strong>in</strong>ancial <strong>and</strong> material resources <strong>in</strong>vested <strong>in</strong> <strong>the</strong><br />

overall activity of a company. Profitability reflects <strong>the</strong> f<strong>in</strong>al economic efficiency of <strong>the</strong><br />

whole economic-f<strong>in</strong>ancial activity.<br />

The key <strong>to</strong> a company’s profitability is profit, which <strong>in</strong> its various forms is taken <strong>in</strong><strong>to</strong><br />

consideration when determ<strong>in</strong><strong>in</strong>g profitability rates.<br />

In order <strong>to</strong> express profitability, we use two syn<strong>the</strong>tic <strong>in</strong>dica<strong>to</strong>rs, namely: profit <strong>and</strong><br />

profitability rate.<br />

Economic efficiency is a structural, qualitative concept which relates economic-f<strong>in</strong>ancial<br />

efforts <strong>to</strong> effects, aim<strong>in</strong>g at <strong>in</strong>creas<strong>in</strong>g decision.<br />

Key words: profitability, efficiency, profitability threshold, profit<br />

31

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