Akademik Məlumat İdarəetmə Sistemi
55th International Scientific Conference on Economic and Social Development. Book of Proceedings; Varazdin, vol.3, pp.202-204, 2020 (Conference Book)
In the context of economic reforms in the Republic of Azerbaijan, the growing role of the financial mechanism in the formation of a competitive environment for entrepreneurship is always observed. In this regard, it was noted that the study of the problem is of particular importance due to the great importance of the financial mechanism in supporting the competitiveness of the country's agribusiness system. The article focuses on theoretical views on the financial mechanism of the agribusiness system, as well as the factors that lead to the long-term nature of the production cycle in this area. Regardless of ownership, the agribusiness system began to form a multifaceted system of financial relations in the economic activities of entrepreneurs, and the main stages of its turnover were discussed. The sustainability of intersectoral and intra-sectoral economic relations in the agribusiness system requires adequate flexibility of the financial mechanism for the reform period. Otherwise, the opportunities for income-generating activities, especially in the agribusiness system, are severely limited. There are local and external reasons for this. The article discusses the factors that create a competitive economic environment and, under certain conditions, are presented as factors of local development of the agribusiness system, as well as pricing policy. It was noted that the protection of the local market and the intensification of international relations are complementary processes in the agribusiness system. In these relations, the importance of relations with international organizations was highlighted. The directions of increasing the efficiency of the financial mechanism in the context of supporting competitiveness in the agribusiness system are reflected in the article